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Economic Development Partners

Mohawk Valley Economic Development District (MVEDD)

The MVEDD operates several revolving loan funds capitalized by EDA, the State of New York, and its membership. In addition, it is the local conduit for the US Small Business Administration’s 504 Loan Program.

Additional Information

National Grid’s Economic Development Grant Program maintains a strong focus on site development, urban revitalization, strategic marketing, and facilitating customer growth through infrastructure assistance, energy efficiency and productivity improvement. The Program reflects an increasing emphasis on sustainable development, the efficient use of existing energy infrastructure, and the strategic deployment of renewable generation technologies. 

Marketing Programs

Strategic Economic Development Program

Strategic Economic Development Program

Document

Cooperative Business Recruitment

Cooperative Business Recruitment

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Building Ready Upstate Program

Building Ready Upstate Program

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Site Development Programs

Industrial Building Redevelopment

Industrial Building Redevelopment

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ShovelReady Infrastructure

ShovelReady Infrastructure

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Brownfield Redevelopment

Brownfield Redevelopment

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Community Development Programs

Main Street/Commercial District Revitalization

Main Street/Commercial District Revitalization

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Clean Tech Incubation

Clean Tech Incubation

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Urban Center/Commercial District Revitalization

Urban Center/Commercial District Revitalization

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Energy Infrastructure Programs

Electric Capital Investment Incentives

Electric Capital Investment Incentives

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Natural Gas Capital Investment Incentive

Natural Gas Capital Investment Incentive

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Three Phase Power Incentive

Three Phase Power Incentive

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Power Quality Enhancements Program

Power Quality Enhancements Program

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Energy Efficiency & Productivity Programs

Energy Efficiency Empire Zones

Energy Efficiency Empire Zones

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Agribusiness Productivity

Agribusiness Productivity

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Electric Manufacturing Productivity Program

Electric Manufacturing Productivity Program

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Natural Gas Manufacturing Productivity Program

Natural Gas Manufacturing Productivity Program

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Renewable Energy Programs

Renewable Energy and Economic Development

Renewable Energy and Economic Development

Document

Sustainable Gas and Economic Development

Sustainable Gas and Economic Development

Document

Mohawk Valley EDGE

Mohawk Valley EDGE (Economic Development Growth Enterprises Corporation) promotes the Mohawk Valley’s people, work force, quality of life, infrastructure, sites, and everything else the region has to offer businesses, site selection specialists and industrial developers. EDGE links the area’s economic development organizations, cuts through red tape and develops financing and assistance packages to help companies interested in locating or expanding their operations and job base in Oneida and Herkimer Counties.
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NYS Empire State Development

Empire State Development (ESD), through several lending programs, can lend up to 40% of the cost of an eligible project at below market interest rates. Typically, eligible project financing also consists of conventional bank loans and at least 10% of the borrower’s equity. ESD can also provide full guarantees of up to 80% of eligible project costs for loans made by most banking organizations. In addition, they can assist with grants for projects and training programs.

US Department of Housing and Urban Development (HUD) Local Revolving Loan Funds

Low-cost financing is also available through Revolving Loan Funds administered by several local municipalities. The loans can be used for the purchase of equipment, working capital, construction, land acquisition – almost anything that will result in the creation of new jobs. The Villages of Dolgeville, Frankfort and Ilion, as well as the City of Little Falls, all offer such programs.
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Pursuit

Pursuit was founded in 1955 as New York Business Development Corporation. Since then, they’ve been innovators in business funding for entrepreneurs, for partners and for our communities.Their work has grown to include Pursuit CDC (formerly known as The 504 Company), a Certified Development Company and Pursuit Community Finance (formerly known as Excelsior Growth Fund), a U.S. Treasury Certified Community Development Financial Institution. As a family of organizations working together under the Pursuit brand, they’ve made it easier than ever for businesses to find the right financing.
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