Strategic Planning and Feasibility Studies Program
Forecasted
Strategic Planning and Feasibility Studies Program supports New York municipalities and economic development organizations with plans and site studies to strengthen businesses and advance economic development.
Funder: New York Empire State Development
Due Dates (Anticipated): July 2027 (CFA deadline)
Funding Amounts: Up to $100,000 per award; 50% matching funds required, including at least 10% applicant cash equity
Summary: Supports strategic development plans and site or facility feasibility studies advancing economic development in New York communities.
Key Information: Projects must not begin, and expenses must not be incurred, before funding awards are announced.
Description
Empire State Development’s Strategic Planning and Feasibility Studies Program funds planning for future economic development in New York’s communities and urban areas. Working capital grants support new or updated strategic development plans for cities, counties, municipalities, or significant portions of them, as well as feasibility and preliminary planning studies for particular sites or facilities.
Supported work should strengthen existing businesses, stimulate new enterprises, or analyze development opportunities and obstacles. Plans and studies should align with regional economic development priorities and explain their expected economic benefits. Priority goes to projects in Pro-Housing Certified Communities and highly distressed census tracts. Preference also extends to projects supporting the Regional Economic Development Council initiative, Downtown Revitalization Initiative, and strategic community investments where other investments are underway.
