St. Lawrence River Valley Redevelopment Agency

Plug Into BIG POWER SAVINGS!

If the increasing cost of power is threatening your bottom line why not take advantage of long-term discount power contracts in St. Lawrence County that offer savings of up to as much as 60 percent?

St. Lawrence County’s low-cost^* economic development power is made available through the New York Power Authority’s Preservation Power and St. Lawrence County Economic Development Power Programs. These low rates can offer substantial savings compared to other North American locations, giving you a significant advantage in today’s competitive global economy.

The St. Lawrence River Valley Redevelopment Agency (RVRDA) is a joint action agency whose voting members are appointed by St. Lawrence County and the four communities of Lisbon, Louisville, Massena and Waddington. The RVRDA was formed in 2010 to administer funds set aside through the New York Power Authority for economic development activities and programs in St. Lawrence County, New York.

The incentives and programs offered by the RVRDA are administered through the St. Lawrence County Industrial Development Agency Local Development Corporation and are designed to stimulate job creation and investment in St. Lawrence County.

Low Interest Loans

Funding is available for a variety of company types, sizes and uses. RVRDA loan funds can be combined with bank, private or other public financing sources to create a comprehensive package of financing for a range of projects. Interest rates are fixed at one-half of the prime rate plus 1%. Normally, working capital loans will be extended for no more than three years, equipment loans from three to five years, and construction loans from five to ten years. Longer terms may be available for loans secured with real estate.

Site Development Programs

The St. Lawrence River Valley Redevelopment Agency provides resources to develop sites and buildings for sale or lease to new business expansions. We can work with you to ensure you have the best site or building for your project.

Community Development & Environmental Improvement Program

The RVRDA accepts applications for its Community Development and Environmental Improvement Program (“CDEIP”), via an announcement by the RVRDA Board. Eligible applicants include communities and not-for-profit organizations in St. Lawrence County that are planning to undertake a project that will provide a clear and demonstrable economic, community or environmental benefit.

Applications, details and deadlines are provided when new funding rounds are announced by the RVRDA Board. Visit our Announcements page for recent CDEIP notices, or use the link below to download the most recent application.

Submission deadline for 2024 Community Development and Environmental Improvement Program applications is 3:00 PM local time on April 15, 2024. (Please note the 2024 submission deadline has expired).

St. Lawrence County Economic Development Power (SLCEDP) Program

SLCEDP is comprised of up to 20 MW of hydropower generated at the St. Lawrence Franklin D. Roosevelt Power Project in Massena for use in supporting business expansion and attraction projects located in St. Lawrence County. This allocation of low-cost electricity^* is available for sale to the Massena Electric Department (MED) for economic development projects with administrative assistance provided by the SLCIDA-LDC.

^* Power pricing results will vary based on individual operating characteristics.

Business Type

Qualified applicants shall include any of the following types of businesses that engage primarily in the following types of business activities:

Industrial
Manufacturing
Research and development
Headquarters facilities
Non-retail service firms
Warehouse and distribution facilities
Agricultural businesses

The following businesses and business activities are not qualified applicants and are not eligible for SLCEDP:

Educational, religious, or governmental
Lodging facilities
Legal, medical, or nursing facilities
Retail businesses
Residential establishments
Casino and other gaming establishments

Electric Load

Qualified applicants must propose to add new electric load. A proposed project must create a minimum of 100 kilowatts (“kW”) of new electric load.

Investment

Qualified applicants must propose to make capital investments in new or existing facilities. Such investments may include: Construction of new facilities; Expansion or substantial modification/refurbishment to existing facilities; or Installation of machinery and equipment to (for example) accommodate expansion of production capability.

Project Schedule

Proposed projects should start within one (1) year of award of SLCEDP and should be completed within three (3) years.

Strategic Plan

Proposed projects should be consistent with regional economic development goals.

SLCEDP Job Creation

Qualified applicants must propose to create new jobs. Job creation will be based on the number of jobs created per MW of SLCEDP allocated

No. of employees at the business prior to the proposed expansion

No. of new jobs per MW of SLCEDP power

0

Determined case-by-case (new business)

1-100

101-250

251-499

500+

100

St. Lawrence River Valley Redevelopment Agency Board Members

Robert McNeil, Chairman, Town of Lisbon
Russell Strait, Vice-Chairman, Town of Waddington
Dale Kramer, Town of Massena
Lawrence Clark, Town of Louisville
Hon. David Forsythe, St. Lawrence County

A close up section of a botanical garden

Meetings, Resolutions, Minutes

Notice of the next meeting of the St. Lawrence River Valley Redevelopment Agency (accompanied by a PDF of the previous meeting packet) can be found on our Announcements page. CLICK HERE for most recent meeting packet.

RESOLUTIONS

2024 Resolutions

2023 Resolutions

2022 Resolutions

2021 Resolutions

MINUTES

2024 Meeting Minutes

2023 Meeting Minutes

2022 Meeting Minutes

2021 Meeting Minutes