Niagara County revolving lond fund (RLF) is a direct loan program designed to promote economic development by providing “gap” financing for qualified projects.
Opportunity Zones are federally-designated census tracts classified as low-income communities. The Opportunity Zones program provides substantial tax benefits for capital gains reinvested into these economically disadvantaged areas.
A BROWNFIELD SITE is any real property where a contaminant is present at levels exceeding the soil cleanup objectives or other health-based or environmental standards, criteria or guidance adopted by New York State Department of Environmental Conservation.
A foreign-trade zone is a designated location in the United States where companies can use special procedures that help encourage U.S. activity and value added - in competition with foreign alternatives - by allowing delayed or reduced duty payments on foreign merchandise, as well as other savings.
The Niagara County Center for Economic Development is serving as the administrative organization, on behalf of the Niagara County Legislature, to review and select industrial businesses eligible for low cost power in Niagara County. Empower Niagara is a not-for-profit Development Corporation that is authorized to enter into agreements for the purpose of providing certain electric power benefits to those industries that meet the qualifying criteria and receive approval.
WorkSourceOne has all of the services you need for workforce development and training. Use them as your company’s Human Resources Department! WorkSourceOne provides a number of recruitment tools and training resources.
The William G. Mayne, Jr. Business/Community Enhancement Program was established in 1998 to enhance and enrich the business climate and overall landscape in Niagara County’s communities
New York State offers a variety of incentive programs to assist with business development including startup, expansion, relocation, process improvements, energy efficiency, low-cost power, workforce development, and more.
Historic preservation tax credits provide businesses and developers with a funding mechanism to undertake projects in older buildings, providing valuable gap financing.