HUDSON VALLEY AGRI-BUSINESS DEVELOPMENT

Access to capital: in 2018, hvadc was designated as one of eight third-party lenders participating in the new york job development authority's (jda) agriculture loan fund program. With a focus on the mid-hudson and capital regions, the hvadc loan program issues low interest loans between $50,000 and $200,000 to small business owners; increase the availability of credit, investment capital and financial products and services to such low-income communities and to people who lack access to financing to stimulate and promote community and economic development in economically depressed and distressed urban and rural communities in the state of new york, particularly in the hudson valley region and those underserved by traditional financial institutions. In addition to the loan opportunity, hvadc is partnering with the hudson mohawk resource conservation and development council, inc. (hmrc&d) to administer the grown & certified (g&c) producer grant program in the capital district region. The g&c producer grants will be awarded for capital projects that will enable qualified agricultural producers to meet food safety standards necessary for participation in the program. Eligible agricultural producers can apply for up to 90% of their total project cost, not to exceed $50,000.