County of Lewis
Industrial Development Agency

LOANS & GRANTS

Contact the LCIDA for business assistance (315)376-3014

Dairy is Lewis County's Largest  Industry
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.
Loans & Grants
Overview     Accounting System    Busines Plan  Borrowers Checklist   Finance Process   Legal Requirements
For additional information and programs go to Economic Links
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
* There maybe other requirements to be & funding eligible. Some programs require the endorsement/sponsorship of the IDA.
County of Lewis Industrial Development Agency (LCIDA),
 P.O. Box 106, 7642 N. State St., Lowville, NY 13367  (315) 376-3014 lcida@lcida.org  
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