The Soapbox and Toolbox for New York State's Nonprofits

January 20, 2015

Cuomo to Create a $50 Million Nonprofit Infrastructure Capital Investment Program

15 Opportunity Agenda: Restoring Economic Opportunity

Re: Ten Point Plan to Combat Poverty and Fight Inequality

Date: January 18, 2015

_________________________________________________________________

Governor Andrew M. Cuomo today announced the eighth part of his “2015 Opportunity Agenda” – the Anti-Poverty Opportunity Agenda, a ten point plan to combat poverty and fight inequality.

According to 2012 U.S. Census data, New York’s poverty rate is 15.9 percent. The State has the 21st highest poverty rate in the country. 

The statewide family poverty rate is 12.2 percent, as of 2012, an increase from 10.3 percent in 2007, per the Fiscal Policy Institute. Statewide, 23 percent of New York State children live in poverty as of 2013, according to Annie Casey Kids Count. 

According to the U.S. Census Bureau, in 2012, New Yorkers’ per capita income was $31,290 compared to $27,315 nationwide, and the State’s median household income was $56,357 compared to $51,937 nationwide. 

The five counties in New York with the highest poverty rates are Bronx (30.7%), Kings (23.3%), St. Lawrence (21.4%), Franklin (22.2%) and Sullivan (19.4%), according to the U.S. Census.

 

AMONG THE OTHER TEN POINTS OF THE PLAN, THE GOVERNOR WILL:

Create a $50 Million Nonprofit Infrastructure Capital Investment Program 

The nonprofit sector provides services to many New Yorkers, including the State’s most vulnerable populations. Many of the services that nonprofits provide on behalf of the state result in long-term cost avoidance and savings by intervening to help avoid crisis situations. To support the work of the State’s nonprofit partners, the Governor will create a one-time $50 million Nonprofit Infrastructure Capital Investment Program.

The Program will make targeted investments in capital projects that will improve the quality, efficiency, accessibility, and reach of nonprofit human services organizations that serve New Yorkers. Grants will be awarded through a competitive process, with priority given to nonprofits with State contracts that provide direct services in high-need communities, particularly smaller nonprofits and nonprofits that lack access to other capital funding opportunities.”

Share This Article

NYCON develops and promotes an effective and vibrant charitable nonprofit community throughout New York State.  We strengthen organizational capacity, act as an advocate and unifying voice, help to inform philanthropic giving, and conduct research and planning to demonstrate relevance and impact.