Niagara County Revolving Loan Fund (RLF)

  • Direct loan program designed to promote economic development by providing “gap” financing for qualified projects.
  • Loan amount is based on number of jobs created and/or retained.
  • Will provide up to one third (1/3) of total project costs with a maximum RLF amount of $200,000.
  • Loan proceeds can be used for fixed asset financing and bear a below-market rate.
  • Loan terms are 3 to 15 years based on the use of proceeds.
  • Most firms engaged in manufacturing, R&D, and business services are eligible.

Niagara County Economic Development Fund (NEDF)

  • Can provide 30% of total project costs or $250,000 (whichever is less). Funds the fixed asset portion of manufacturing, assembly, or wholesale distribution projects.
  • Loan amount based on jobs created/retained.
  • Below market interest rate, with terms of 7 years or less for machinery and equipment, and 15 years or less for real estate.

Brownfields Cleanup Revolving Loan Fund (BCRLF)

  • Loans are available to remediate brownfields in order to facilitate their sustainable reuse.
  • Maximum amount loaned is $250,000 per site.
  • Below market interest rate with a term of 5 years or less.

***It is imperative to discuss your project with a Niagara County Center for Economic Development project manager before submitting an application in order to determine project eligibility. Please contact us today!