Growing the Agriculture Industry Now! (GAIN) Revolving Loan Program An initiative to capitalize agriculture and related businesses that are adopting new technologies, diversifying or expanding in the Finger Lakes Region
The Finger Lakes (FL) Region includes Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming, and Yates Counties. The Region contains three of the top five and five of the top ten agricultural counties in New York State. It truly is the “Bread Basket” of New York State. The diversity of the Region’s agricultural industry is considerable with economic strength in such sectors as dairy, yogurt, apples, stone fruit, cash crops, grapes, wineries and more. Farms and support businesses continually innovate, expand and diversify in order to thrive. The most recent Census of Agriculture (2012) indicates that farm-gate sales in the region totaled $1.6 billion, comprising 30% of the statewide farm sales, with food processing and other support businesses as additional multipliers. A 2012 study by Cornell (Schmit&Bills EB2012-11) estimated the region’s agriculture and food system output to be $9.2 billion or about 9.3% of the total regional economy. This same study indicated that about 79,000 people or 11.5% of the total employment in the Finger Lakes Region are employed in the agriculture and food system sectors.
Eligible Activities This loan pool will support capital projects for the creation, retention and expansion opportunities for the region’s farmers and agricultural related businesses
Priority will be given to ag-related projects that demonstrate: - Job creation/ job retention - Farm diversification including: value-added agriculture products; farm-based retail/wholesale (farm markets, wineries, distilleries) - Investment in new technology including: renewable energy projects production, harvesting and processing equipment - Increase the amount of land in productive agricultural use - Growth in net revenue for agricultural enterprises - Leveraging other sources of funding - Renewable energy application - Projects that produce secondary economic development multipliers (e.g. other business expansions)
Call us. Let’s talk about how the Growing the Agriculture Industry Now! (GAIN) Revolving Loan Program can help you
The Growing the Agriculture Industry Now! (GAIN) Revolving Loan Program Offers You: - Technical Assistance - Up to $200,000 Revolving Loan Program with below-market interest rates
For More Information, Contact: - Genesee County - Mark Masse, Genesee County Economic Development Center, 99 MedTech Drive, Suite 106, Batavia, NY 14020, 585-343-4866, firstname.lastname@example.org - Livingston County - William Bacon, Livingston County Economic Development, 6 Court Street, Geneseo, NY 14454, 585-243-7124, WBacon@co.livingston.ny.us - Monroe County - Lydia Birr, Monroe County Economic Development, 50 West Main Street, Rochester, NY 14614, 585-753-2018, LBirr@monroecounty.gov - Ontario County - Sue Vary, Ontario County Economic Development, 20 Ontario Street, Canandaigua, NY 14424, 585-396-4866, email@example.com - Orleans County - James Whipple, County of Orleans Industrial Development Agency, 121 North Main Street,Albion NY 14411, 585-589-7060, firstname.lastname@example.org - Seneca County - William Bordeau, Seneca County Planning & Community Development, Seneca County Office Building, 1 DiPronio Drive Waterloo, NY13165, 315-539-1724, email@example.com - Wayne County - Peg Churchill, Wayne County Industrial Development Agency, 9 Pearl Street, Lyons, NY 14489, 315-946-5917, firstname.lastname@example.org - Wyoming County - Jim Pierce, Wyoming County IDA, 36 Center Street, Warsaw, NY 14569, 585-786-3764, email@example.com - Yates County - Steve Griffin, Finger Lakes EDC, 1 Keuka Business Park, Penn Yan, NY 14527, 315-536-7328, firstname.lastname@example.org
Funding provided by a grant from Empire State Development