Lewis County, New York - Contact the LCIDA for business assistance (315)376-3014

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Loan/Incentive Programs 
Grants with a short application period (Opening & Closing Dates) are not listed.
If you have a project over $100,000 please call the LCIDA, (315) 376-3014 to be placed on an incentive watch list.

Some programs require the endorsement/sponsorship of the IDA
Program
Name
Program
Description
Funding
Minimum
Requirements*
Brownfield Redevelopment Assistance, NM - 05
Grants to owners, developers, municipalities or economic development agencies to fund utility related infrastructure improvements, demolition and other cost for redevelopment progress of a brownfield site or abandoned building.
Max. - $200,000 per yr per site.
Energy infrastructure a barrier to site progress, have a variable commercial or industrial end-use strategies, ability to market site/building, ability to obtain fed. state, & other funding, & total project cost obtainable
Building Ready Upstate, NM - 05
Owner or developer of an eligible BuildNow NY site or a local Economic Dev. organization; Grants to fund building drawings, site plans & design specs that meet planning approval
Max. - $30,000 per project (not to exceed 75% of cost)
Building design must be a min. of 20,000 sq.ft.; use for mfg., distr ctr., regional warehouse, storage, research & development; show evidence of project completion and cert. by building codes & planning board.
Capital Investment Incentive, NM- 05
Funds for an owner or lessee of eligible property to help offset cost associated with upgrading utility infrastructure to accommodate a business expansion.
Based upon the size of capital investment:
$0-1M: $50,000
$1-5M: $100,000
$5M+: $250,000
(not to exceed 30% of total capital investment or the cost of energy related infrastructure improvements)

Average mo. demand after capital investment of at least 500 kW nd suitable for on of "economic growth" industries; demonstrate efforts to obtain other state & local incentives; demonstrate a competitive threat or opportunity; energy infrastructure is a barrier to redevelopment.
Cooperative Business Recruitment, NM - 05
State, regional or local economic development entity; Joint external outreach & sales initiatives with local partners.
Max. - $10,000 per project (not to exceed 50% of cost.
Project must promote a specific asset & compliment other regional efforts.
Dairy Industry Productivity, NM - 05
Funding for Dairy Farmers or milk processing business to undertake energy efficiency project with NYSERDA or other public program
Not applicable,
depends on the project

Monthly metered demand greater than 100kw/ less than 500 kw; & have a comprehensive energy audit completed
Energy Efficiency in Empire Zones, NM - 05
EZ certified owner of an
eligible business for rebates
to help energy efficiency equipment/installations.

Max. - $25,000
(not to exceed 50% of total project cost)

Business must fund 25% of project cost; equipment must be identified through Niagara Mohawk's application process, & agreement to install within 2 years of approval
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  Empire Zones  (EZ) Sales tax exp (State tax),
Real property tax credit,
Tax reduction credit, Wage tax credit, Investment tax credit (Mfg), Utility rate savings, & etc
Benefits -Depanding on the project.
Business must be in the Empire Zone, be certified, & pass the "Employment Test".
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 Building Redevelopment, NM - 05 Facility owner, duly authorized representative of the owner or contract owner Up to $250,000 per project based on the amt.of $ investment:
up to $1M - $50,000
$1M - $5M - $100,000
$5M & over- $250,000
Building must be vacant or underutilized & a min. of 100,000 sq.ft. & suitable for one of "economic growth" industries; Energy infrastructure is a barrier to redevelopment; building must be market to out-of-state prospect.
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
New Construction & Substantial Renovation Programs - NYSERDA - 12/05
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
Shovel Ready Infrastructure Fund, NM - 05
For a owner of eligible site; public or not-for-profit economic dev. agency responsible for develment of the site.
$100,000 max. (not to exceed 25% of total developemnt cost)
Site must be designated "Shovel Ready" by BuildNow NY program, Energy infrastructure a barrier to attracting new investment, applicant must demonstrate commitment to mkt the site to out-of-state prospects.
Small Business Growth Demand Charge Reduction,
NM - 05
For an owner of eligible business 2 yr. of electric service demand charge discounts.
Not applicable,
depends on the project
Have an executed SC-12 contract, monthly metered demand greater than 100kw less than 500kw, comprehensive energy audit completed.
Small Business Growth Energy Efficiency Assistance, NM - 05
For an owner of eligible business, not receiving assistance under the Sm. Bus. Growth Dem. Charge Reduction program. $10,000 max. per project (not to exceed 75% of required applicant contr. to NYSERDA program)
Rate classification migrating from SC2 to SC3, One grant award per eligible business,  Program benefit may not be reassigned.
Strategic Economic Development Program, NM - 05
Expertise & incremental resource to leverage resources more & better macro-level business development initiatives Not applicable,
depends on the project
Project musty promote specific regional or multi-regional assets & be targeted to decision makers; Studies must not duplicate previous research; Leverage funds required.
Three-Phase Power Incentive, NM - 05
For an owner of eligible facility  that needs financial help to fund the extension of 3-phase electric service or alternatives agreed upon by NM, the customer & NYSERDA.
$50,000 per project (Not to exceed 30% of total project cost)
Lack of 3-phase a barrier (retention threat or growth opportunity), evaluation of alternatives to 3-phase power, suitable for one of "economic growth" industries or Agri-Bus.
Targeted Financial Assistance, NM - 05
For owners of eligible facility for gap funding in energy discount progams providing energy price reductions to business customers with significant growth opportunities & severe competitive challenges.
Max. - $250,000 annual discount, Max.- 3yr period of discounts; Max. total disc $500,000 over 3 yrs.,  Total amt of disc based upon jobs:
0-99: $100,000
100-199: $250,000
200-299: $350,000
300+: $500,000

Demonstrate competitive threat or opportunity: facility closure, relocation out of NM territory or ability to attract new jobs & investment; contestable energy intensive business (or prospect business) in NM territory with an avg metered mo. electric demand of 500 kw; Electric bill represents at least 8% of annual gross revenue from sales; Facility has an avg. mo. load factor of at least 70%
* There maybe other requirements & funding eligible.
For additional information call the LCIDA at (315) 376-3014, email: lcida@northnet.org or visit the IDA Resource Center at 7642 N. State Street, Lowville, New York 13367         
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