The Development Authority works with many agencies and organizations throughout the region to help make development projects a reality. A number of loan funds targeted at various types of projects and business sectors are available. In addition, Development Authority staff can help you with loan underwriting services, which are already being provided for several organizations. Authority staff can also advise community organizations and municipalities on development issues including downtown revitalization, brownfield redevelopment/reuse, and business assistance programs. To discuss these services further, please contact Michelle Capone, Director of Regional Development, at firstname.lastname@example.org .
For a brief matrix of all available loan funds, please click HERE.
The Community Development Loan Fund provides financing to businesses in Jefferson, Lewis, and St. Lawrence counties, with priority given to projects of regional significance to the North Country. The loan fund targets projects that positively affect the region or enhance particular business sectors.
For more information on the Community Development Loan Fund, or for an application, please contact Michelle Capone at email@example.com
The North Country Economic Development Fund (NCEDF) was created in 2014 by the New York Power Authority (NYPA) and is administered by the Development Authority of the North Country. The NCEDF provides financing to eligible projects located in Jefferson, Lewis, St. Lawrence, Clinton, Essex, Franklin, Hamilton and Herkimer Counties, and the portion of the Akwesasne Mohawk Reservation located within New York State. The loan fund targets projects that positively affect the region or enhance particular business sectors.
The Development Authority is the fiscal agent for the North Country Alliance's Regional Revolving Loan Fund. The North Country Alliance is a not-for-profit local development corporation comprised of public and private sector businesses and organizations focused on the economic well-being of Jefferson, Lewis, St. Lawrence, Franklin, Clinton, Essex, and Hamilton counties. The organization is focused on creating opportunities for business expansion and job growth in the region and uses it regional revolving loan fund to accomplish these goals.
This loan fund was founded in 2013 with $2 million the region received through the North Country Regional Economic Development Council to assist in furthering tourism-related development projects that will have a transformational impact on North Country communities. The fund was augmented with an additional $3 million in 2016. Eligible projects are those that enhance the quality and quantity of lodging in the region, support tourism-related facilities that enhance the quality of life and attract more visitors or residents to the region, and serve as leverage for attracting private investment to the region.
Created in 2000, the Farmland Drainage Loan Program provides low-interest loans to farmers in Jefferson, Lewis and St. Lawrence counties to install tile drainage in order to increase crop production yields. To be eligible for the program, farming must be the applicant's primary business. Land to be drained should presently be productive farmland that with drainage would improve crop production yields.
Created in 2011, the Value-Added Agriculture Program was developed to increase the availability of value-added products for retail consumption. The program is open to individuals, farms and businesses located in Jefferson, Lewis and St. Lawrence counties.
This program was created in 2014 with funding received through the North Country Regional Economic Development Council to improve productivity and crop yields to increase the availability of value-added agriculture products to market.