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National Grid Flood Assistance Applications Now Available
October 4, 2011
Syracuse, NY

 
1. OVERVIEW
National Grid’s Emergency Economic Development Program has been developed to provide timely economic development assistance to communities and customers who have been impacted by the devastating effects of the back-to-back natural disasters that have hit Upstate New York in Late Summer & Fall 2011. The goal of the program is to fill gaps in funding allocated to communities or businesses through federal and state programs, insurance or other emergency sources. Program funding is available to all disaster area counties but is targeted to those communities and businesses most impacted by the 2011 storms and flooding. The programs are also designed to encourage job retention in impacted communities; and to promote installation of energy efficient equipment and systems through National Grid’s portfolio of energy efficiency programs.
2. PROGRAM DESCRIPTIONS
Emergency Commercial District Investment
  • Provides emergency grants of up to $100,000 to help offset reconstruction costs that would otherwise be borne by those communities in Upstate NY served by National Grid that have been impacted by the devastating effects of the 2011 storms and flooding.
  • Funds can be used to offset costs incurred by the municipalities for repair & replacement of electric infrastructure & street lighting; demolition of buildings condemned as a result of wind or water damage that is necessary to build structure(s) to be served by National Grid; facade work on buildings damaged during storm to the extent necessary to repair and replace energy infrastructure.
Program Description (PDF)
Click here to submit an online application
Emergency Agriculture Fund
  • Provides emergency grants of up to $25,000 to impacted farmers and agri-businesses.
  • Funds may be used to offset the costs of repair & replacement of electric infrastructure; and replacement of fixed equipment necessary for the operation of the farm or agri-business including pumps, lighting, ventilation, heating, and cooling.
Program Description (PDF)
Click here to submit an online application
 
Emergency Economic Development Bridge Loan
  • Provides emergency 0% loans to authorized Local Development Corporations (LDCs) and designated emergency business and agricultural lenders which they will re-lend interest free to eligible commercial/industrial and agricultural businesses in impacted communities.
Program Description (PDF)
Click here to submit an online application
Emergency Main Street Revitalization
  • Provides emergency grants of up to $25,000 for renovation of buildings that have been vacated due to the impact of storm damage. This is an enhanced version of the Company’s existing Main Street program, adapted for use during this emergency situation.
  • Funds may be used for energy infrastructure repair and/or replacement, site preparation, construction, renovation and rehabilitation of commercial, industrial or mixed-use buildings under 100,000 square feet.
Program Description (PDF)
Click here to submit an online application
3. EMERGENCY PROGRAM EXPENDITURES
Total spending on the Emergency Economic Development Programs is capped at $6 million. The funding will be spread across 2011 and 2012, however all applications for emergency assistance must be received by September 1, 2012, in order to be considered for funding.
Contact:          Joseph D. Russo
National Grid
Economic Development – Upstate New York
300 Erie Boulevard West
Syracuse, NY 13210
(315) 428-6798
Joseph.Russo@us.ngrid.com




About Montgomery County Business Development Center

The Montgomery County Business Development Center is a comprehensive resource for business and economic development and planning services throughout Montgomery County. Available services include business development and technical assistance; company and facility siting; workforce and labor development; and government coordination, including permit processes and Empire Zone incentives. In addition, the Center provides County Planning services and grant writing. The Montgomery County Business Development Center is comprised of the Montgomery County Industrial Development Agency and the Montgomery County Department of Economic Development of Planning.

Visit us at www.mcbdc.org
Copyright © 2011 Montgomery County Business Development Center, All rights reserved.

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