Workers have begun restoring the 400,000-square-foot Edison Storage Battery factory, the first step in a $230 million redevelopment project. The project will be partially financed through municipal bonds.

NJEDA approved Admera Health for a $1 million loan through the Edison Innovation VC Growth Fund. Through the fund, up to $1 million in subordinated convertible debt financing is available for VC supported technology companies. 

ESD aided the $4 million Jefferson County project with a Restore NY grant of $1 million. The project included clearing the foundation of the site and constructing an 18,000 square-foot, mixed-use building for retail, restaurant and living space.

The New York Power Authority approved a $500,000 grant to support a $25 million General Mills' project. Empire State Development also awarded $500,000 in tax credits to the company.

South Jersey Marina is receiving a low-interest loan from the Cape May County Commercial Fishing Revolving Loan program. The revolving loan fund is now more than 20 years old and has grown to over $4 million.

Empire State Development announced that Agri-Mark, Inc. will receive $6 million to modernize its Chateaugay operations. The funding will come from tax credits and incentives offered through the Economic Transformation Program.

Join the CDFA New York/New Jersey Financing Roundtable for the fourth annual conference on September 13-14, 2016. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect New York and New Jersey's economy going forward.

The conference will take place at the BNY Mellon Building in downtown New York City and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2016 CDFA New York/New Jersey Financing Roundtable Conference.

The CDFA Scholarship Program, Presented by Public Financial Management, Inc., is designed to support members and non-members who cannot afford the cost of registration fees. Scholarships are available for several different types of CDFA events, including the National Summit, CDFA Training Institute Courses, and State Roundtable Conferences. View the scholarship application to learn more about requirements and available scholarships.

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