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Expansion and Retention for Manufacturers Program

Supporting and helping existing manufacturers to grow and maintain a presence within the region will help to maintain local jobs and stabilize the region’s tax base.

The Expansion and Retention for Manufacturers grant program supports manufacturers who are making a new capital investment within our service territory. Examples of items constituting a new capital investment include but are not limited to the purchase of real estate, infrastructure, acquisition of machinery and equipment, and new energy efficiency upgrades.

Grants are reimbursed per the following funding levels:

$100,000
retention grant for capital investments greater than $500,000 but less than $1 million.

$150,000
retention grant for capital investments greater than $1 million but less than $2 million

$200,000
retention grant for capital investments greater than $2 million.

 

Eligibility Guidelines:

Program-Specific Requirements:

  • Manufacturing businesses must be making a new, capital investment within the service territory. The purchase of real estate, infrastructure (sewer, water and energy) acquisition of machinery and equipment, and new energy efficiency upgrades are all examples of items that would constitute a new capital investment.
  • Central Hudson funding will be available six months after project completion and once all necessary documentation demonstrating the investment and accomplishment of milestones as outlined in the project plan have been submitted to the Company.
  • A minimum of 20 full time equivalent jobs must be retained or created. Existing manufacturing businesses must maintain their previous year’s employment level within the service territory.

General Economic Development Programs Requirements:

  • Applicants must be a business that is classified by the North American Industry Classification System as manufacturing (NAICS codes 31, 32 or 33). NAICS classification can be found online at www.census.gov/naics.
  • Applicants must receive written approval from Central Hudson prior to beginning the project work. Central Hudson will not reimburse for work started prior to written approval.
  • All projects must create or maintain, at a minimum, 20 full-time jobs paying an annual salary of more than $40,000.
  • All applications should have participation from Empire State Development Corporation, a local industrial development agency, a community college, or a local development corporation. Any application that does not contain participation from the above-mentioned entities, Central Hudson may consider a letter of support from the county of origin for such projects on a case-by-case basis.
  • The project must be located within Central Hudson’s service territory.
  • Applicants must be in good standing on their Central Hudson bill.
  • Grants are available on a continual basis until all funding is expended.
  • Funding is released to a grant award recipient only after the recipient has met all conditions of the program. Unless stated, in all circumstances, funding should be viewed by the applicant as a reimbursement for work completed following grant approval in the form of an award letter.
  • Grant amounts listed are the maximum allowable award for each program. Each application is evaluated on a variety of factors, resulting in some not receiving the maximum grant award.
  • Project must be completed within six months of project completion date or the applicant will be required to reapply for the program.