February 2014

New York Green Bank Issues RFP

The New York Green Bank has issued a Request for Proposals (RFP 1) to obtain clean energy financing arrangements. The Green Bank’s stated purpose is to overcome current obstacles in clean energy financing markets and to increase overall capital availability through various forms of financial support such as credit enhancement, project aggregation, and securitization.
On December 19, 2013, the New York State Public Service Commission approved an initial $165 million in funding for Green Bank (Member Alert #60-2013). This funding will be combined with at least $45 million from allowance auction revenues under the Regional Greenhouse Gas Initiative.

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Governor Cuomo Announces FuzeHub Helping Companies Grow in the Capital Region

Governor Cuomo today announced FuzeHub, a new statewide initiative to grow manufacturing companies that was officially launched in November, is proving successful in bringing solutions to businesses – including two companies from the Capital Region. As a collaboration and resource platform that works with the New York Manufacturing Extension Partnership program (MEP), universities, NYS economic development organizations, and state programs, FuzeHub helps connect small to medium sized manufacturing companies with the solutions they need to overcome challenges to growth.
“Supporting New York’s manufacturers is vital to not only ensuring their long-term success, but to creating new economic opportunities in communities all throughout the State,” said Governor Cuomo. “FuzeHub is proving to be a unique resource available to our manufacturing companies that pools the very best of the State’s expertise to help entrepreneurs with technology commercialization, innovative solutions and business growth. I look forward to FuzeHub’s continued role in assisting businesses across the State build a stronger, reinvigorated New York.”

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