Funding 2018-11-19T18:44:18+00:00

Partnerships

Southern Tier 8 represents eight counties as the 5th largest Local Development District for the Appalachian Regional Commission (ARC), and five counties as an Economic Development District under the US Economic Development Administration (EDA).

Federal partners, ARC and EDA offer investments to leverage private sector dollars that increase job opportunities, raise per capita income, promote infrastructure improvements and strengthen the capacity of our people to compete in global economies. County participation and investments make these programs possible, with an average annual return of $42 per $1 of local investment.

ARC’s Area Wide Development Program

The Appalachian Regional Commission (ARC) is a regional economic development agency that represents a partnership of federal, state and local government. Established by an act of Congress in 1965, ARC is composed of the governors of the 13 Appalachian states and a federal co-chair, who is appointed by the president. New York State Department of State serves as the state partner for this federal investment opportunity.

Local participation is provided through multi-county local development districts (LDDs). Southern Tier 8 is the Region’s Local Development District and if your project idea or program concept serves the counties of Broome, Chenango, Cortland, Delaware, Otsego, Schoharie, Tioga, or Tompkins, you are welcome to work with the team of Southern Tier 8 to develop your Area Wide Development Program application. The team will assist applicants with questions about program development, partners, grant writing, match and support requirements and budgets.

Eligible proposals must be consistent with one of ARC’s investment goals:

Goal
GOAL 1
Economic Opportunities
In entrepreneurial and business development strategies
GOAL 2
Ready Workforce
In education, knowledge, skills and health of residents to work and succeed in Appalachia
GOAL 3
Critical Infrastructure
Including broadband, water and wastewater systems*
GOAL 4
Natural and Cultural Assets
In leveraging the Region’s natural and cultural heritage assets
GOAL 5
Leadership and Community Capacity
To build the capacity and skills of current and next-generation leaders and organizations to innovate, collaborate and advance community and economic development

Start the Process for 2020…Submit your interest to discuss here and we will notify you when the FY2020 pre-application is available.
Submit Interest

Eligible entities include incorporated not-for-profits, municipalities (towns, villages, counties) and other public entities such as IDAs and educational institutions in the member counties.

Eligible maximum amount funded: $150,000. Funds must be matched at least dollar per dollar with cash and/or in-kind goods or services depending upon the type of proposal. Funds must be used for new activities/programs, or for an expansion of activities/programs. Funding of existing programs is not an eligible expense.

*A “basic agency” will be required for any construction project

Deadlines for Consideration

The FY2019 pre-application has closed, however, the Southern Tier 8 team welcomes a conversation to discuss your 2020 project ideas.  See the button SUBMIT INTEREST above.

Key components that are evaluated in all Investment Requests:

1. Does your program match the Investment Goals?
NY Program Strategies

2. Have you defined specific metrics, or “Performance Measures”?
Performance Measures

3. Do you have a letter of support from your County Planning Director?
County Planning Director Contact Info

map

August 15, 2018: Final applications due for FY2019 Funding

Additional requirements for the full application:

1. Regional Economic Development Council support
Contact Info

2. *A “basic agency” will be required for any construction project (ARC approved federal partner agency)
Basic Agency Partners
Basic Agency Grant Management

3. All funded projects and programs are required to observe eCFR 200 Federal Regulations
More Information

Southern Tier 8’s member counties are also served by three different New York State Regional Economic Development Councils (REDC). These REDCs prioritize state funds that complement the federal monies leveraged by ST8.

Recent ARC Area Development Investments

EDA’s Public Works & Economic Adjustment Assistance Programs

The U.S. Economic Development Administration’s (EDA) investment policy is designed to establish a foundation for sustainable job growth and the building of durable regional economies throughout the United States. This foundation builds upon two key economic drivers – innovation and regional collaboration. EDA’s grant investments in planning, technical assistance and infrastructure construction are designed to leverage existing regional assets to support the implementation of economic development strategies that make it easier for businesses to start and grow.

Public Works programs support physical infrastructure development in distressed communities.

Eligible applicants must be a state, a political subdivision of a state, district organization, Indian tribe, institution of higher education, or a non-profit acting in coordination with a political subdivision of a state.

Proposals must be based on a locally developed CEDS and funds must be matched at least dollar per dollar with cash.

Eligible areas must meet the specific economic distress criteria:

  1. An unemployment rate that is for the most recent twenty-four (24) month period of which data is available, or
  2. At least one (1) percent greater than the national average unemployment rate; or per capita income that is, for the most recent period for which data is available, eighty 80%, or less of the national average per capita income; or
  3. A “special need” (certain unemployment or economic adjustment problems) as determined by EDA.

Deadlines for Consideration

The EDA Public Works and Economic Adjustment Assistance Investment Programs are accepted continuously and evaluated on a quarterly basis.
Note: Per Capita Income, population and additional data can be found on our Resources Page.

Loan Programs

The Southern Tier Regional Economic Development Corporation (STREDC) is offering two new loan programs in:

  1. Agricultural Investment
  2. Community Revitalization

Criteria:

  • Loans of up to $ 250,000, or 50% of a project, whichever is greater.
  • Interest fixed at 75% of prime at time of approval.
  • Term of up to 15 years.

More details can be found with STREDC.