NYPA funding programs are available to support the growth of jobs and capital investment.
Economic development funding programs are available to eligible organizations as part of NYPA's commitment to supporting growth, development and innovation near our hydropower facilities in Western and Northern New York.
Talk to our economic development team in the early planning stages of your project for guidance about which program is available for you.
Contact us for more information.
Northern New York
The Northern NY Power Proceeds Allocation Board (NNYPPAB) considers applications from eligible applicants for awards from the Northern NY Economic Development Fund (NNYEDF) to support impactful economic development projects in St. Lawrence County. Allocation Board recommendations are approved by the NYPA Board of Trustees for funding.
Learn about Northern NY Power Proceeds.
The Greater Massena Economic Development Fund is a revolving loan fund established by NYPA and administered by the St. Lawrence County Industrial Development Agency, as an incentive for eligible businesses to locate or expand their operations in the Town of Massena and St. Lawrence County.
For more information, visit: Greater Massena EDF - St. Lawrence County IDA
The North Country Economic Development Fund is a $10 million revolving loan fund administered by the Development Authority of the North Country that provides loans to eligible 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.
For details, click the NCEDF link on DANC - Development Authority of the North Country - Business Development Funding Programs
Western New York
The Western NY 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 allocation board then makes recommendations to the NYPA Board of Trustees to approve funding from the Western NY Economic Development Fund (WNYEDF).
Learn about the Western NY Proceeds application process.
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
New York State
The New York State Economic Development Power Allocation Board (EDPAB) helps facilitate allocations of lower-cost electricity to ensure that businesses in New York State retain or create jobs. EDPAB reviews applications and makes recommendations to the NYPA Board of Trustees for allocations that meet the criteria of programs administered by the Authority, primarily ReCharge NY.
Learn more about EDPAB and the ReCharge NY Application Process.