Financial Assistance

Delaware County Economic Development has dedicated staff to assist in identifying available funding sources and help businesses access the best opportunities. Financial assistance services include:

• Development and implementation of a financing plan
• Flexible financing alternatives for businesses located in or relocating to Delaware County.
• Help navigating forms and applications.

If you are interested in starting or expanding a business within Delaware County, please contact our office to further discuss potential financing options. 607-832-5123

Low-Interest Loans

Loans available and distributed through the Delaware County Local Development Corporation (LDC), these loans are offered as supplemental financing for various business purposes, including land acquisition, construction or renovation, equipment purchases, and working capital. Staff members are available to provide one-on-one assistance throughout the application process, including support with business plan preparation, financial statements, and cash flow analysis.

Services include:

• Delaware County LDC is a source for supplemental financing.
• Loans typically range from $5,000.00-$250,000.00 with terms of 3-10 years.
• Borrowers are required to provide a one-to-one collateral match to secure their financing.
• The loan program aims to encourage job creation and retention within the community.

Other Sources of Funding for Financing Project:

• Southern Tier Regional Economic Development Council
• Catskill Watershed Corporation

Delaware County Tourism Promotion and Development Grant Program

The Delaware County Occupancy Tax was enacted into law by the Board of Supervisors for the purposes of creating a dedicated funding stream to promote and develop the tourism industry within Delaware County and stimulating economic growth.  Funds raised through the occupancy tax will be utilized to support the implementation of programs designed to promote and increase tourism in Delaware County, as well as projects relating to capital and infrastructure investments supporting the further development of this industry. For more information, please visit the grants tab at the top.

 Grants

Direct grant assistance to businesses is rare and depends on a variety of factors. Our office will assist in identifying and assessing any available grants and will help you with the application process if applicable. If you have a large project in mind, please contact our office as soon as possible so we can explore available grants and take the necessary steps to complete the process effectively.

Other Incentives

Excelsior Jobs Program
The Excelsior Jobs Program provides job creation and investment incentives to firms in such targeted industries as biotechnology, pharmaceutical, high-tech, clean-technology, green technology, financial services, agriculture and manufacturing. Firms in these industries that create and maintain new jobs or make significant financial investment are eligible to apply for up to four new tax credits. The Program encourages businesses to expand in and relocate to New York while maintaining strict accountability standards to guarantee that businesses deliver on job and investment commitments. Program costs are capped at $500 million annually to maintain fiscal affordability and ensure that New Yorkers realize a positive return on their investment.