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Discretionary funding is a duly appropriated sum of money in New York City’s expense budget allocated to an eligible nonprofit organization by either the Council or a member of the Council. The Fund is an alternative to funding programs for receiving financing through competitive procurement.
The New York City Council accepts applications for discretionary funding annually. This opportunity is time-sensitive and only open to registered New York State nonprofit organizations providing community-based social services.
Although not a definitive guide to which organizations will receive NYCC Discretionary Funding, the Council does list several categories for eligible nonprofits. Each category of initiative serves a different purpose.
• NYCC Member district “local” initiatives—not limited to any particular purpose or agency
• City Council “Speaker’s List”—especially applicable to an organization whose scope of services exceeds individual funding ability or is in service of a larger geographical area
• Various targeted use initiatives—including senior services, youth/community development, and anti-poverty measures
• Citywide initiatives—to address community needs where existing agency programming is insufficient, i.e., programs for underserved communities or populations
As with all taxpayer funds, significant emphasis is placed on transparency and accountability, including public disclosure of recipients and their sponsors, amount received, and how funds are to be used. This opportunity is a collaboration with multiple NYC agencies and the Mayor’s Office of Contract Services, culminating in a thorough vetting process.
Ideal candidates should be in good standing, with a track record of providing city services.
If you’d like to learn more about the Fund’s application process, as well as its potential for funding your capital project, please contact us.
Discretionary funding is a duly appropriated sum of money in New York City’s expense budget allocated to an eligible nonprofit organization by either the Council or a member of the Council. The Fund is an alternative to funding programs for receiving financing through competitive procurement.
The New York City Council accepts applications for discretionary funding annually. This opportunity is time-sensitive and only open to registered New York State nonprofit organizations providing community-based social services.
Although not a definitive guide to which organizations will receive NYCC Discretionary Funding, the Council does list several categories for eligible nonprofits. Each category of initiative serves a different purpose.
• NYCC Member district “local” initiatives—not limited to any particular purpose or agency
• City Council “Speaker’s List”—especially applicable to an organization whose scope of services exceeds individual funding ability or is in service of a larger geographical area
• Various targeted use initiatives—including senior services, youth/community development, and anti-poverty measures
• Citywide initiatives—to address community needs where existing agency programming is insufficient, i.e., programs for underserved communities or populations
As with all taxpayer funds, significant emphasis is placed on transparency and accountability, including public disclosure of recipients and their sponsors, amount received, and how funds are to be used. This opportunity is a collaboration with multiple NYC agencies and the Mayor’s Office of Contract Services, culminating in a thorough vetting process.
Ideal candidates should be in good standing, with a track record of providing city services.
If you’d like to learn more about the Fund’s application process, as well as its potential for funding your capital project, please contact us.
NYC agencies are encouraging investments in IndustrialBusiness Zones (IBZ).This is good news for real estate developers and building owners hoping to attract manufacturing and light industrial tenants through redevelopment of their properties. Financial assistance through the NYCIndustrial Development Agency (NYCIDA) can make a sizeable contribution to most capital stacks.
For many organizations, delaying a project means delaying future success. Tax credits and economic incentives can help fund the next step forward in any mission-driven organization’s growth and evolution. Considering the life line that these programs can represent, let’s take a few moments to understand what incentives are and how to tap into the potential for your company.
The private, nonprofit agency Consortium for Worker Education (CWE) provides a wide array of workforce preparation, industry-specific training, and employment services for 70,000+ NYC workers every year. Union members, new Americans, and dislocated workers number among the populations served by this essential service provider.
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