Infrastructure Development Program

Grant and low-interest loan financing for public and private infrastructure improvements

Guidelines:

• IDP Guidelines (Adobe PDF)

Uses:

Transportation facilities, airports; Clearing and preparation of land and environmental remediation; Water and sewer systems, storm sewers; Energy facilities; Parking facilities; Bridges, waterways; Rail and Port facilities; At former industrial sites only: land and building acquisition, construction and renovation by private developers; Telecommunications infrastructure

Funding:

Loans and grants up to $1.25 million; No more than 20% of the annual appropriation for a single municipality; No more than 10% of the annual appropriation will be loans or granted to applicant for speculative Greenfield projects not involving private companies

Eligibility:

Municipalities, industrial development authorities and corporations, municipal authorities, redevelopment authorities and local development districts may apply for IDP assistance for themselves or on behalf of eligible private companies engaged in: agriculture, industrial, manufacturing, research and development, and export services; Real estate developers who are developing sites for eligible private companies

Terms:

Grants for public infrastructure; Loans to private businesses at 3% interest rate; Up to 15-year term; 2:1 private to public match required; $25,000 cost per job to be created within five years or 10 new full-time equivalent jobs (whichever is greater)

Where to Apply:

Industrial Development Corporation and Authorities; Municipalities; Municipal authorities; Redevelopment authorities; Local development districts

Purpose of Funding:

• Environmental Projects
• Infrastructure
• Land & Building
• Site Development - Business
• Site Development - Community
• Site Development - Local Governments