Non-Dilutive Expansion Capital
Beyond local PILOT agreements and tax waivers, Herkimer County connects commercial developers and expanding businesses directly to state, utility, and federal capital grant funding to offset infrastructure and construction costs.
Funding Ecosystem
The HCIDA serves as your local navigator, helping tailor grant applications, aggregate state support, and cut through bureaucratic red tape.
Low-cost gap financing and municipally administered revolving loan funds assist businesses with working capital, specialized equipment purchases, and facility acquisition resulting in new job creation.
Partner Network
Dedicated grant programs support facade renovations, interior building upgrades, commercial redevelopments, and small business expansions within Herkimer County’s historic downtown corridors.
Application Access
National Grid maintains a robust suite of economic development grant programs specifically tailored for utility-related infrastructure upgrades, site development, building remediation, and energy productivity.
Eligible Projects
ESD offers competitive capital grants for major commercial expansion projects that create or retain sustainable jobs in the Mohawk Valley. Funding can cover up to 20%–40% of eligible project costs, including land acquisition, construction, and heavy equipment purchasing.
Eligible Projects
Step-By-Step Assistance
Grant writing and state scoring criteria can be complex. The Herkimer County IDA guides your expansion through the entire application cycle.
1
We review your capital expenditure, job creation estimates, and infrastructure requirements to match you with eligible state and utility grant pools.
2
We liaise directly with Empire State Development, National Grid, and municipal planners to present a unified regional application.
3
We stack non-dilutive grant funds alongside local PILOT property tax abatements, sales tax exemptions, and mortgage recording tax waivers.
4
Our team assists with required reporting, job verification metrics, and grant disbursement compliance to ensure timely capital reimbursement.
Incentives & Financing
Combine grant funding with powerful local property tax abatements and connect with regional economic development partners.
Contact us to learn more about additional funding opportunities!
Contact IDA
Taking the Next Step
Don't leave non-dilutive capital on the table. Contact our Expansion Team for a confidential review of your project scope to determine grant eligibility.
