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Available CFA Resources - FREE CFA STUDY MATERIALS

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2015 Available CFA Resources - FREE CFA STUDY MATERIALS

Available CFA Resources - FREE CFA STUDY MATERIALSDirect Assistance to Businesses and Other Organizations

Leveraged Resources:
• The amount of private financing leveraged; and
• The amount of public financing leveraged.
Performance Measures:
• The estimated return on investment that the project identified in the application will provide to New York
State;
• For downtown areas, whether or not the project concerns the preservation of the architectural character
of a building or neighborhood;
• Whether, where applicable, there are identified tenants for a completed project;
• The degree to which the project supports the principals of smart growth, energy-efficiency (including but
not limited to, the reduction of greenhouse gas and emissions and the Leadership in Energy and
Environmental Design [LEED] green building rating system for the project identified in its application),
and sustainable development; and
• The degree to which the project identified in the application supports New York state minority and
women business enterprises.

Significant Statewide Programs:
 Proposed projects that are part of the following initiatives will be looked upon favorably:

NY Rising Related Projects: The NY Rising Community Reconstruction Program is a community
driven initiative that empowers localities severely damaged by Superstorm Sandy, Hurricane Irene,
or Tropical Storm Lee to develop comprehensive and innovative recovery plans. Projects identified in
the NY Rising Community Reconstruction Program recovery plans consist of innovative,
transformative projects and actions, enhance resilience and economic development. For more
information,

Opportunity Agenda Related Projects: Each Regional Council may develop region-wide strategies, or
may focus its efforts by designating one or more chronically distressed community as an “Opportunity
Area.” Projects seeking to apply CFA funds for the purpose of eliminating barriers to skilled
employment in your region, as identified by the Opportunity Agenda and Strategic Plan, should
provide evidence as such in their application.

Global NY Projects: The Global NY initiative accomplishes two complementary economic growth
objectives - attract international investment and jobs to Upstate New York and provide New York
businesses with the tools and assistance they need to export their products to the global
marketplace. Applicants that link project proposals to the Global NY strategies identified by the
Regional Council will be looked upon favorably.

Veterans’ Related Projects: New York State is home to more than 900,000 veterans, 72 percent of
whom served in combat. In 2014 the REDCs were asked to create a Veterans Work Group to
promote participation by Veterans in the CFA, and develop strategies to encourage other potential
CFA applicants to include workforce goals related to Veteran’s employment. This is part of a
comprehensive approach to improving services to the veterans and military families in New
York. Applicants that link project proposals to the Veteran’s Initiative strategies identified by the

Regional Councils will be looked upon favorably.

AWARD CRITERIA DETAILS:
• Notice of a funding award will be given in the form of an incentive proposal outlining the terms of the
proposed assistance. The award is subject to approval of the ESD Directors and compliance with
applicable laws and regulations. Project funding may only be used for expenses incurred after the date
that notice of the funding award is given. Applicants are strongly encouraged to review and countersign
ESD’s incentive proposal prior to starting the project.

• All Applicants will be requested to certify and agree that any decrease in the scope of work described in
the Applicant’s final CFA submission including, but not limited to, total project costs, jobs retained, and
jobs created, may result in ESD’s reduction of the award, in ESD’s sole discretion, in an amount
proportionate to any such decrease.

 All Applicants will be requested to certify and agree that any expansion of the scope of work described in
the Applicant’s final CFA submission including, but not limited to, total project costs, jobs retained, and
jobs created, will not result in the increase of the award by ESD.

• The essential terms for the disbursement of assistance are included in the incentive proposal. Although
funding is offered prior to project commencement as an inducement to undertake the project, funds are
disbursed in arrears, as reimbursement for eligible project expenditures.

• For Business Investment projects, partial funding is disbursed upon project completion and interim job
creation/retention milestones, with additional funding disbursed upon achievement of job
creation/retention milestones. For Infrastructure Investment and Economic Growth Investment projects,
funding typically is disbursed upon project completion.

• Projects generally are presented to the ESD Directors once all project expenditures have been
undertaken and disbursement of ESD assistance is sought.

• All required public approvals must be in place prior to the start of construction and approval by the ESD
Directors, including State Environmental Quality Review (SEQR) and consultation with the State Historic
Preservation Office, if applicable.

 For projects with job creation and/or retention, job numbers will be verified using the employer’s NY-45
and NY-45 ATT and/or payroll reports prior to disbursement of funds and annually thereafter through the
required reporting period.

• In accordance with the requirements of Article 15-A of the New York State Executive Law: Participation
By Minority Group Members and Women With Respect To State Contracts by providing opportunities for
MBE/WBE participation, projects awarded funding shall be reviewed by ESD’s Office of Contractor and
Supplier Diversity, which will set business and participation goals for minorities and women. Such goals
shall typically be included in the incentive proposal.

Please note that ESD’s agency-wide MWBE utilization goal is 30%. Each project will be assigned an
individual contract-specific goal, which may be higher or lower than 30%. Should an Applicant receive a
funding award, the Applicant shall be required to use good faith efforts to achieve the prescribed MWBE
goals assigned to this project. Applicants must maintain such records and take such actions necessary
to demonstrate such compliance.

• In accordance with State law, after approval by the ESD Directors, a public hearing will be required if the
project involves the acquisition, construction, reconstruction, rehabilitation, alteration or improvement of
any property. ESD will schedule a public hearing in accordance with the New York State Urban

Available CFA Resources - FREE CFA STUDY MATERIALS

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