Dive Summary:
- Following the flooding that hit Mohawk Valley last month, National Grid is launching a $2 million emergency economic development program that will provide grants of as much as $50,000 to damaged businesses and farms.
- Non-residential customers in all designated disaster areas of Mohawk Valley will be eligible for grants and loans, with preference going to those businesses and communities hit hardest.
- Applications for the funds must be endorsed by a state, regional or local economic development agency.
From the article:
... Ken Daly, president of National Grid in New York, said flood-damaged companies can face "life and death decisions'' about whether to continue operations. The utility's program is intended to defray the cost of repairs so that businesses will rebuild and remain in Upstate New York, he said. National Grid implemented a similar emergency program in 2011 to allocate $6 million for areas of Eastern New York devastated by tropical storms Irene and Lee. Downstate, the utility also offered assistance in the wake of Hurricane Sandy. ...