Up to $2 million in economic development aid from National Grid is being made available to businesses in the Mohawk Valley.
UUp to $2 million in economic development aid from National Grid is being made available to businesses in the Mohawk Valley.
“We will help you with a grant to get you back up and running,” company President Ken Daly said Tuesday at the Herkimer Fire Department in the village. “We will be here as long as it takes to rebuild the impacted community.”
The announcement of the up to $50,000 grants for businesses comes on the heels of recent state aid designations for individuals, businesses and farmers who have been most impacted by the recent floods and heavy rains that affected the area.
Just last week Gov. Andrew Cuomo announced that $16 million would be made available to five counties, including Herkimer with $4 million, Oneida with $3 million and Madison with $3 million, in light of the federal government’s denial for individual assistance through the Federal Emergency Management Agency.
Daly said National Grid’s Emergency Economic Development Program hopefully will help rebuild businesses and encourage them to stay in the community. It also can help them upgrade their utilities to something more energy efficient, he added.
State Sen. James Seward, R-Milford, also spoke to the effectiveness of the company’s program, having witnessed its benefits after flooding hit Schoharie Valley in 2011.
“A program like this — which is a grant — will help (businesses) make the decisions to stay in the community,” he said.
After the state and insurance money has been exhausted, Seward said National Grid’s program will fill in the gaps.
Daly said those who apply could expect the money to come in within a month or two.
“It really depends on where they are in the rebuilding process,” he said.
Program funding is available within the entire designated disaster area in National Grid’s service area in the Mohawk Valley.
For more detailed information and to apply for funding, visit www.ngrid.com/floodrelief and click on Upstate New York.