Northern NY Power Proceeds Allocation Board
A portion of the revenue NYPA earns from selling the power generated at the St. Lawrence Power Project goes into a fund to support economic development in the 30-mile zone surrounding the generation plant. The state legislature passed a law creating the Northern New York Power Proceeds Allocation Board to monitor the distribution of those funds. The Board solicits and reviews applications and makes funding recommendations to the NYPA Board of Trustees. The capital in the Northern New York Economic Development Fund results from the net earnings from the Power Authority's market sale of unallocated St. Lawrence County Economic Development Power, a low-cost power program established for St. Lawrence County in 2012.
The primary role of the NNYPPAB is to solicit and review applications, and make funding recommendations to the NYPA Board of Trustees.
The Northern New York Power Proceeds Allocation Act: Effective December 29, 2014, created the Northern New York Power Proceeds Allocation Board (NNYPPAB), and required the New York Power Authority (NYPA) to establish the Northern New York Economic Development Fund (Fund).
As early in your project as possible contact NNYPPAB regarding your interest in applying for funding from this program.
Interested applicants will be asked to submit a completed preliminary project information worksheet. Once reviewed, NNYPPAB staff will be in contact to discuss next steps, including completion of the full Application. View complete details on Board Procedures and Policies.
1. Contact Us
2. Complete the Preliminary Project Information Worksheet
An eligible applicant is a business or a not-for-profit corporation. An “Eligible Project” is an economic development project by an applicant that is physically located in the State of New York in St. Lawrence County. View map of St. Lawrence County.
“Eligible Projects” are those that support the growth of business in the State and thereby lead to the creation or maintenance of jobs and tax revenues for the state and local governments.
Examples of eligible projects include, workforce development; energy-related projects, programs and services; capital investments in buildings, equipment, and associated infrastructure (collectively, "infrastructure") owned by an Eligible Applicant for Fund Benefits; transportation projects under state or federally approved plans; the acquisition of land needed for infrastructure; research and development where the results of such research and development will directly benefit New York state and support for tourism and marketing and advertising efforts for St. Lawrence County tourism and business.
Visit the Regional Economic Development Council pages of North Country to review their respective strategies and priorities.
Patrick Kelly, Chair