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LOANS & GRANTS

HVADC assists farmers and food producers access capital to help them progress their businesses through its Agribusiness Loan Fund and through the administration of grant opportunities.

This enables small agribusinesses, particularly those in underserved communities that otherwise may face limited financing opportunities; supporting the success of these businesses and improving the economy of their rural communities.

HVADC has been named as a designated lender to help administer a recently established $10 million fund from New York State that will be available to assist local agribusinesses have easier access to capital.

The New York State Department of Agriculture and Markets is offering grants on a competitive basis to fund projects that support the expansion of existing meat processing facilities who are USDA certified, and the establishment of new facilities in the state. The program aims to increase the capacity of New York State sourced meat.

HVADC is a certified Community Development Financial Institution (CDFI), through the .S. Department of the Treasury’s Community Development Financial Institutions Fund. It is the only CDFI in the region exclusively dedicated to funding farm and food enterprises in economically disadvantaged communities.

To assist farmers achieve NYS Grown & Certified (G&C) status, the Hudson Mohawk Resource Conservation and Development Council, Inc. (HMRC&D) and the Hudson Valley AgriBusiness Development Corporation (HVADC) are partnering to administer a grant program in the Capital District Region.

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