Areas Served: Madison County
The Madison County Industrial Development Agency offers lending programs designed to promote job growth for New York companies located within the county or contemplating relocation into the county.
These lending programs are primarily targeted towards manufacturing firms, however consideration for loans to non-manufacturing firms will be reviewed on a case-by-case basis.
Typical loans are pegged at prime plus 1%, and are tied to the life of the equipment being purchased.
The Revolving Loan Fund provides fixed rate loans up to $100,000 based on a company’s job creation projections.
The loan fund provides capital for real estate, machinery, or equipment acquisition.
Agricultural Revolving Loan fund helps create or expand value-added and direct marketing opportunities, by providing up to $10,000 for farm stand infrastructure (construction, design development, market analysis, etc.
) and value-added agricultural product development.
The Micro Enterprise Grant Program offers convertible loans up to $35,000 for small business to help increase job creation or to provide assistance to a new start up business.
This loan fund provides capital for machinery, equipment and other working capital needs that result in job creation.
City Loan Program offers a loan program for companies located inside the City of Oneida boundaries.
This program provides fixed rate loans up to $60,000. Proceeds can be used for most business related capital investment projects.
Eligibility is based on a case-by-case review of the project.
Some Villages also manage individual revolving loan funds.
Inquire if you have an interest on a program in a specific community.
Contact InformationMadison County Industrial Development Agency
Address: 3215 Seneca Turnpike
City: Canastota
State: New York
Website:
http://madisoncountyida.com/incentives/
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