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Funding and Grants


Federal Funding Will Spur Innovation and Economic Growth in NY

“Empire State Development (ESD) today announced that six New York organizations were recently awarded nearly $2 million in federal funding from the United States Department of Commerce’s Economic Development Administration (EDA) to promote innovation and strengthen economic growth initiatives. Three of the awardees are centers supported by ESD’s Division of Science, Technology and Innovation (NYSTAR).”

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FuzeHub Report: Federal Programs for Manufacturers

This report describes federal programs that are available to help U.S. manufacturers succeed.Many are administered by various agencies of the U.S. Department of Commerce, but entities like the Department of Energy and Department of Defense also play an important role in spurring demand for innovation in manufacturing.

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Funding Opportunities for NYS Manufacturers

Empire State Development (ESD), New York State’s chief economic development agency, offers incentives and programs to NYS manufacturers. To support businesses and encourage growth, ESD provides loans, grants, tax credits, and other financial and technical assistance. For manufacturers across the Empire State, ESD funding opportunities through Global NY, START-UP NY, and the New NY Broadband program can foster innovation, expansion, and increased profitability.

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R&D Tax Credits for Startups, Small-to-Medium Sized Businesses

Federal tax credits for research and development (R&D) aren’t just for large companies performing groundbreaking research. Thanks to the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), businesses of all sizes can benefit from the R&D tax credit. That’s good news for startups and small-to-medium sized businesses, but applicants still need to establish a documentation process and appropriate tracking mechanisms. Is your NYS business able to claim this federal tax credit?

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