City officials seek $20 million EPA grant to revitalize historic site and attract developers

The Herkimer County Industrial Development Agency's Board of Directors meeting on December 19, 2024, highlighted significant developments regarding local economic projects and funding opportunities. A key focus was the ongoing efforts to secure a $20 million grant from the EPA, linked to the Climate Reduction Act, which could catalyze further development in the area.

Board members discussed the urgency of obtaining quotes for demolition and cleanup at a site previously affected by historic tax credit limitations. The agency is optimistic about submitting a request for restoration funds to the state, citing a successful precedent set in Rome, New York. This funding is crucial for moving forward with potential projects, including a childcare facility and warehousing opportunities that have attracted interest from various companies, including Cornell.

The developer involved expressed a strong interest in the property and is prepared to explore alternative funding solutions if the grant is not awarded. The board is awaiting a decision from New York State, with hopes of receiving news within the next two weeks.

In closing, the meeting transitioned into an executive session for negotiations, underscoring the board's commitment to advancing local economic initiatives. The session concluded with a vote on a letter of intent, marking another step forward in the agency's strategic planning. The board members expressed their holiday wishes as the meeting wrapped up, signaling a collaborative spirit as they head into the new year.