|
Loans & Grants
|
Program
Name |
Program
Description |
Funding
|
Minimum
Requirements* |
| Financial
Assistance Empire
State Development (ESD) |
Financial Assistance For - Acquisition of land &
buildings or machinery & equipment, working capital, employee
training, expanding company's export opportunities, & productivity
enhancement. |
Direct loans and/or grants; Interest rate subsidies. |
For Manufacturers, Service Providers, Warehouses &
Distributors, Research & Dev. Companies, Tourism/Destination
Businesses, Minority/Women-owned Businesses. Incentives are generally made to create or retain
employment. |
Financial
Benefits Hub
Zone
|
HUB zone certified business (contractors
and subcontractors) that provided certain goods & services to the
Federal Government.
|
10 % competitive advantage; employer tax credits; tax free
facility bonds; investment tax credits.
|
HUB zone certified;
business principal office located in the HUB zone; company must be
owned & controlled by one or more US citizen, & 35% of the
business's employees must be HUB zone residents (registered voters)
|
Financial
Benefits - Lewis
County
Industrial
Development Agency (LCIDA)
|
Primarily for
Manufacturing,
Sales Tax & Mortgage Tax Exemptions, Real Property Payment
Agreements (PILOT), Industrial Revenue Bond Issuance |
No limit |
Needs
a cost/benefit analysis |
| Industrial Revenue Bonds (Tax
Exempt) LCIDA |
Funding for Land,
Building Renovation, New Equipment |
Up to
$10 million based on financial strength of the company, Needs
a cost/benefit analysis |
Determined by bond
purchaser.; Meet
requirements of 1986 Internal Revenue Code: Needs
a cost/benefit analysis |
| Industrial Revenue Bonds (Taxable) LCIDA |
Funding for Land,
Building Renovation, New Equipment |
No limit |
Determined by bond
purchaser.; Meet
requirements of 1986 Internal Revenue Code; Needs
a cost/benefit analysis |
| Loan Program Adirondack
Economic Development Corp (AEDC) |
Loan funds for business
purposes except refinancing and down payments. |
$100,000 max.,
or 40% of the project |
Owner equity -
10 - 20 % |
| Loan Program Development
Authority of the North Country (DANC) |
Loan fund for Manufacturing,
Warehousing & Distribution, Industry,
Infrastructure, & Selected Agriculture Projects |
Max. of 50%
of
project costs |
Owner equity - 10%-20% |
Loan Program Lewis
County Micro-enterprise Revolving Loan Fund
|
Loan fund for Manufacturing,
Retail,Service, Tourism & Agriculture. |
Up to $30,000;
5
or fewer employees. |
Owner equity - 10 - 20 % |
Loan
Program North
Country Alliance (NCA)
|
Loan fund for Eligible businesses for
fixed assets and working capital. |
$25,000 - $225,000;
$75,000 for working
capital.
Max. of 40 % of the
project. 100 or
fewer of employees. |
Owner equity -
10 - 20 %;
Working
capital - up
to 5 yr.;
Fixed assets
- up to 15 yr. |
| Loan
Program -
Link-Deposit ESD |
Interest rate subsidy for two years for small business &
farms. |
2% normal subsidy
3% EZ subsidy
($1,000,000 max.) |
Manufacturing - 500 or less FTEs;
Service - 100 or less FTEs;
No start up businesses, certain service business, & non-EZ business |
National Grid
|
Various programs
|
|
|
New
Construction &
Substantial Renovation Programs
|
Incentives:
technical assistance, design team incentive, capital cost, custom or
whole building, building commissioning service, or the advanced solar
& daylighting system.
|
Under
the current Program Opportunity Notice (PON 913),
participation is limited to one project / Applicant. The maximum
combined incentive from all categories fis limited to $500,000 per
Applicant. |
For new construction & substantial renovation project to to
effect a
transformation in the way buildings are designed by providing technical
assistance &
financial incentives to improve energy efficiency. |
| New
York Business Development Corp (NYBDC)
|
Loan fund for Manufacturing,
Wholesale,
Retail, Service Businesses |
$50,000-$1,000,000;
$2,500,000 with a
second
mortgage. |
Owner equity - 10%-20%: Bank - 40-50%; NYBDC 40% |
| Sale-Lease
Agreements LCIDA |
Funding for Land,
Building Renovation, New Equipment |
No limit |
Determined by Lender
|