As part of our commitment to supporting growth, development and innovation across New York, NYPA provides grants and low-cost power to eligible organizations. Following are some of the incentives and grants that support economic growth and clean energy in New York State.
Contact us for more information.
NYPA offers economic development hydropower to eligible businesses. Learn more about ReCharge NY, Western NY Hydropower, and Preservation Power.
NYPA’s Industrial Economic Development Program consists of 54 MW of the 768 MW of hydropower that makes up the Municipal and Rural Electric Cooperative Systems. This power is allocated to support new or expanding businesses within the service area. This allocation supports economic development throughout the state, helping lower energy costs so businesses can prioritize their growth in New York. Awards are allocated with the approval of the NYPA Board of Trustees.
Contact us for more information about the IEDP.
Do I qualify for the IEDP?
Municipal and rural electric cooperative areas are eligible to apply.
NYPA offers low-cost hydropower to eligible businesses. These low-cost hydropower programs are available on a regional basis. For companies located in Northern NY, NYPA offers Preservation Power.
For companies located in other areas of NY, learn about ReCharge NY and Western NY Hydropower here.
The Northern New York Power Proceeds Allocation Board (NNYPPAB) reviews applications for funds to support eligible costs and capital investment for economic development projects in St. Lawrence County. The NNYPPAB then makes recommendations to the NYPA Board of Trustees to approve funding from the Northern New York Economic Development Fund (NNYEDF).
Learn about the Northern New York Power Proceeds application process here.
Contact us for general information and guidance.
The Greater Massena Economic Development Fund is a revolving loan fund established by NYPA to provide incentives for business enterprises to establish, maintain or expand plants, facilities or operations in the Town of Massena and St. Lawrence County. It is administered by the St. Lawrence County Industrial Development Agency. For more information, visit: www.slcida.com
The North Country Economic Development Fund is a $10 million revolving loan fund administered by the Development Authority of the North Country (DANC) that provides loans to businesses expanding their facilities and creating or retaining jobs in the region. It offers financing for 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 NCEDF is jointly administered by NYPA and the Development Authority of the North Country (DANC), with Empire State Development (ESD) and North Country Alliance (NCA) representatives also serving on the NCEDF board.
For details, click the NCEDF link on www.danc.org/business-development
RVRDA is a partnership of St. Lawrence County, the four communities of Lisbon, Louisville, Massena and Waddington, and the St. Lawrence County Industrial Development Agency Local Development Corporation. The Agency was formed in 2010 to administer funds established and set aside by NYPA for economic development activities and programs. Learn more: info@slcida.com
NYPA offers low-cost hydropower to eligible businesses. These low-cost hydropower programs are available on a regional basis. For companies located in Western NY, NYPA offers Western NY Hydropower.
For companies located outside Western NY, learn about ReCharge NY and Preservation Power here.
The Western New York Power Proceeds Allocation Board (WNYPPAB) reviews applications for funds to support eligible costs and capital investment for economic development projects within a 30-mile radius of the Niagara Power Project. The WNYPPAB then makes recommendations to the NYPA Board of Trustees to approve funding from the Western New York Economic Development Fund (WNYEDF).
Learn about the Western NY Proceeds application process here.
Contact us for general information and guidance.
The Niagara Economic Development Fund is a revolving loan fund established in 1990 to improve Niagara County's economic climate by providing loans for the establishment, maintenance or expansion of plants, facilities or operations in Niagara County. The Niagara County Development Corporation ("NCDC"), a not-for-profit under New York State Corporation Law, acts as Administrator and Trustee of the Fund. Learn more: www.niagaracountybusiness.com
Follow
