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River Agency approves $538,092 for economic development projects

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CANTON - The St. Lawrence River Valley Redevelopment Agency and Industrial Development Agency members approved loans and grants totaling $538,092 for 11 community projects aimed at economic development Tuesday.

The River Agency received $16 million in funding from the New York Power Authority in 2010. Each year, the River Agency Board and St. Lawrence County Industrial Development Agency’s Local Development Corp. review applications and award up to five percent of the funds for economic development within the county.

This year, applicants requested over $2 million in assistance. Eleven out of 30 applications were approved:

n The City of Ogdensburg received a $28,750 loan to install LED lights to replace metal halide lighting in the city.

n The St. Lawrence County Fire Training Facility received a $60,000 grant to begin the second phase of its construction project.

n St. Lawrence Power & Equipment received a $43,342 grant towards its sewage line connection project.

n The St. Lawrence Highway Department Trails Project received a $30,000 grant to be used for trail system upgrades.

n The St. Lawrence Walleye Association received a $20,000 grant towards its freshwater fisheries project, which includes restocking walleye and research and community education.

n The town of Louisville received a $40,000 grant and a $16,000 loan towards renovations of its community room.

n The town of Madrid received a $50,000 grant towards its dam project.

n The town of Massena received a $75,000 grant and a $75,000 loan to repair and restore the fašade and front steps of its town hall.

n The town of Waddington received a $30,000 grant towards developing a handicapped-accessible facilities and adaptive reuse of the Old Town Hall.

n The village of Waddington received a $45,000 grant towards the Bassmaster Elite series.

n The St. Lawrence County Chamber received a $25,000 grant as part of the River Agency’s three-year commitment to support FishCap.

“We wish we could have done more,” River Agency Chairman Robert O. McNeil said Tuesday. “We probably could have done more if we had proceeds from the monetized power. They were all good projects, but these were the best based our guidelines.”

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