Connective Corridor


The following list contains links to some opportunities available along the Connective Corridor and Civic Strip:

National Grid – Shovel Ready Programs offer several different funding opportunities ranging from building redevelopment, to Main Street revitalization, to infrastructure alterations.

National Grid – Energy Efficiency Programs provide rebates and incentives to business and property owners that install energy efficient products and equipment.

NYSERDA provides funding to business and property owners looking to improve their energy usage.  Programs are also available to assist with rehabilitation and new construction projects.

Federal Historic Rehabilitation Tax Credits are available to qualifying historic properties undergoing substantial rehabilitation.  The final dollar amount is based on the cost of the rehabilitation; in effect, 20% of the rehab costs will be borne by the federal government..

State Historic Rehabilitation Tax Credits must be used with the Federal Historic Tax Credit.  If properties are located in eligible census tracts owners can receive an additional 20% of the qualified rehabilitation expenditure.

Syracuse Industrial Development Agency (SIDA) provides incentives to larger projects including those from property, sales, and use of mortgage recording taxes, and bond financing.

485A Exemption authorizes a declining 12 year partial exemption from real property taxation for non-residential property converted to a mix of residential and commercial uses.  Apply for this program at the City of Syracuse Department of Business and Neighborhood Development.

Syracuse Economic Development Corporation (SEDCO) Direct Loans can be used for the acquisition of land, buildings, or rehabilitation of real property, or machinery equipment. The maximum loan amount cannot exceed 50% of total project cost. The interest rate will be prime minus 1% and the term of the loan can be between 5 to 20 years.

Syracuse Local Development Corporation (SLDC) issues tax-exempt bonds for civic facility projects including colleges and universities, medical and research institutions, and other non-profit organizations in the City of Syracuse.

Onondaga County Save the Rain/Green Improvement Fund provides financial assistance and grant funding for the installation of green infrastructure and storm water mitigation projects.

New York Main Street Program provides financial resources to strengthen the economic vitality of the downtown neighborhoods.  The Downtown Committee acts as a grant administrator for targeted areas.

New York Business Development Corporation works with its lending partners, including the Small Business Administration (SBA) and the Empire State CDC: The 504 Company, to provide loans to small businesses.

Connective Corridor Hospitality Enterprise Fund (CCHEF) has been established to stimulate the development of new and existing restaurants and retail enterprises in downtown Syracuse by providing financing as an alternative or enhancement to bank financing.

Connective Corridor Façade Improvement Program allocates funding for aesthetic and physical improvements to properties and businesses located along the Connective Corridor and Civic Strip.

New York State Consolidated Funding Application (CFA) serves as a single entry point for accessing up to $1 billion in economic development funding from: Empire State Development, NYS Canal Corporation, Energy Research and Development Authority, Environmental Facilities Corporation, Homes and Community Renewal, Department of Labor, Parks, Recreation and Historic Preservation, Department of State, and Department of Transportation.