State CFA ’19 Grants Announced Thursday

ANDELA PLAN TOPS LIST

State CFA ’19 Grants

Announced Thursday

A $420,000 grant so Andela Products Inc. can expand into the Richfield Springs Industrial Park leads off the list of grants Otsego Now is hoping to receive in this year’s round of state economic development funding, to be announced Thursday in Albany.

Otsego Now’s Director of Finance & Administration Meaghan Marino will represent her organization, which either submits or advises project sponsors on the annual local CFA applications.  CFA stands for “comprehensive funding application,” and is the state’s vehicle to distribute funding to the 10 economic development regions.

Usually, Governor Cuomo makes the funding announcements at a gathering in The Egg at the Empire State Plaza government complex.

Otsego Now CEO Jody Zakrevsky provided this list of local projects seeking funding this year.

Otsego Now/Richfield Springs Business Park

$2,123,000 Total Budget

$420,000 Request

Springbrook:  Ford Building Restoration

$5,000,000 Total Budget

$1,000,000 Request

County of Otsego:  Energy Study

$100,000 Total Budget

$50,000 Request

Oneonta Grain Innovation Center, Lofts on Dietz

$926,500 Total Budget

 $185,000 Request

Babcock’s Tavern, Wells Bridge

  $285,000 Total Budget

$285,000 Request

Otsego Now Halal Meat Processing Facility, Otego

$1,100,000 Total Budget

$220,000 Request

American XTreme Family Entertainment Center, Otego

$607,800 Total Budget

$181,560 Request

 The Working Kitchen (142-146 Main St Oneonta)

$380,000 Total Budget

$76,000 Request


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