Penn Yan Continues to Upgrade its Building Stock, Supported by FLEDC

FLEDC has worked for years to improve the downtown shopping district, and in May it approved a loan to Wesley Xavier LLC to renovate 109 Main Street, a building the company recently purchased.  The renovation will upgrade the retail space on the first floor and the two vacant apartments on the 2nd floor.

FLEDC Supports Local Artists

FLEDC continues to support local artists and the trade in local crafts through its loan funds, and in early May 2 new loans were approved.

Keuka Inspirations, was approved for a loan to expand its retail gift operations at its location on Route 54A between Keuka College and Branchport and also to open a shop at the Windmill.  Keuka Inspirations has been owned and operated for over 13 years by Mike and Carol Steppe, longtime residents of the community.  Stop by to check out their goods at either location!

Local artist Dan Mitchell started Staving Artist Woodwork a number of years ago with FLEDC support, and we are thrilled to support the opening of his new store at 109 Main Street in Penn Yan.  At this location Dan will be exhibiting and selling his creative carvings made from used wine barrels.  Please visit him as soon as he opens in late May or early June!

Round 7 of NY State’s Consolidated Funding Application is Open!

The Finger Lakes Regional Economic Development Council (FLREDC) is pleased to announce Round 7 of the New York State Consolidated Funding Application (CFA) is now open for projects seeking support from up to $800 million of available funding via dozens of State agency programs.  The deadline for submittal is July 28th at 4:00 pm.

The CFA enables businesses, municipalities, not-for-profits and members of the public to apply, through a single application, for assistance from dozens of state programs for projects that create jobs and help to revitalize communities.

“The Regional Economic Development Councils (REDC) have successfully brought local communities together like never before, spurring economic growth from the ground up and creating jobs across New York,” Governor Cuomo said. “With the seventh round of the REDC awards, the state will continue its partnership with local governments and community leaders – making smart investments in our cities, towns and villages to give the Regional Councils the tools needed to build their communities for years to come.”

The REDC process has transformed New York State government’s approach to economic development, creating a statewide framework for bottom-up economic growth and streamlining the application process for state funding. Since 2011, the first year of the initiative, over $4.6 billion has been awarded to more than 5,200 projects that are projected to create and retain more than 210,000 jobs statewide.

Below are the various resource materials available to learn more about the CFA process: