The Otsego County Economic Development Department and its partnering agencies offer low-rate loans and other financial incentives to assist with your company's site location, new facility construction, existing facility expansion or modernization. We are tapped into a wide network of business resources at the local, regional, state and federal levels, all of which can be tailored to the size and scope of your project. Let us guide you to the right source of information and assistance.

We can provide financial assistance for:

• Acquisition of land and buildings or machinery and equipment.
• Working capital.
• Employee training.
• Productivity enhancement.
• Construction or renovation of buildings to house business operations, including lease-hold improvements.
• Construction or improvement of infrastructure required for new location or expansion.

Financial assistance can be accessed through:

• Direct loans for a portion of the eligible project costs.
• Interest rate subsidies in the form of a grant or linked deposit with the lending institution, to reduce the cost of borrowing from private sector financial institutions.
• Loans or grants for working capital assistance in specialized situations.
• Infrastructure assistance in the form of a loan and grant combination for a portion of the cost of the infrastructure project.

Eligible Projects include:

• Manufacturers
• Service Providers
• Warehousers and Distributors
• Research and Development Companies
• Tourism/Destination Businesses