The Ogdensburg Bridge and Port Authority will receive $1.1 million in state funding to promote tourism and a North Country agriculture loan fund is getting $1 million.
The state development office announced the funding through the North Country Regional Economic Development Council’s applications.
The Empire State Development Board of Directors approved a Value-Added Agriculture Loan Fund of $1 million for the North Country Region of St. Lawrence, Jefferson, Lewis, Essex, Franklin, Hamilton and Clinton counties to be managed by the Development Authority of the North Country (DANC).
The new regional revolving loan fund is to develop agribusiness facilities in the North Country.
DANC requested ESD assistance to help finance its agribusiness assistance program in underserved North Country communities. The revolving loan fund will also be available to new and existing business entities to develop tourism infrastructure, including lodging, restaurants, retail, recreation, arts and cultural venues. This is a North Country Regional Economic Development Council (NCREDC) priority project to put “tools in place to attract private investment in agribusiness, which will drive demand to revitalize and diversify communities and create a climate that will allow agribusiness to develop and expand,” said the announcement from ESD.
And the Ogdensburg Bridge and Port Authority will be getting $1,086,750 under the Market NY program, which supports regionally themed New York-focused projects. Its aim is to bolster tourism growth by promoting tourism destinations, attractions and special events, and also provides funding for tourism facilities.
Grants are awarded to projects identified as significant, regionally supported and capable of stimulating economic investment through attraction of tourists to the dedicated area, according to the announcement from ESD.