Financial Incentives

For more information on the following financial incentives, please contact Stephanie Hatzenbihler, Fillmore County Economic Development Coordinator, at stephanie.hatzenbihler@cedausa.com or 518-605-5210.

Click the links below view and print Business Subsidy Policy & Application.

Business Subsidy Policy

Business Subsidy Application (Applies to all Programs)

Tax Abatement Program

The Fillmore County EDA adopted a tax abatement policy to be used as a tool for economic development throughout the county. Tax abatement is when a taxing board (county, city, and school) grants a taxpayer a stay of paying a tax for a short or long term, for a total or percentage of the tax. Tax Abatement Assistance will only be used when the abatement of taxes would be in the demonstrated interest of the tax-paying public.

Tax Increment Financing Programs

Tax Increment Financing (TIF) is a redevelopment tool authorized by State statute and used by cities and development authorities, such as the Fillmore County EDA, to finance certain public redevelopment costs. Projects financed with TIF must serve a public purpose such as redeveloping blighted areas, constructing low- and moderate-income housing, providing employment opportunities, and improving the tax base.

Loan Programs

Local, regional, state and federal agencies have several different loan/grant programs to assist different types of business throughout the county. For a list of available programs please contact the economic development coordinator for Fillmore County.

Fillmore County Loan Programs

Revolving Loan Fund (RLF)

Broadband Development Fund

Loan Guaranty