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ECIDA Spotlight

ECIDA Loan Helps Niagara Lubricant Rebuild Buffalo Plant


On July 17 Erie County Executive Mark Poloncarz, City of Buffalo Mayor Byron Brown, our own President and CEO Steve Weathers, and a host of community leaders gathered at Niagara Lubricant to tour their new East Side facility. The ECIDA loaned $150,000 for the purchase of new equipment, and brought Niagara Lubricant together with the National Development Council, who were able to finance an additional $2.1 million loan through the Grow America Fund. The loans helped owner Leon Smith III relocate and rebuild after the 2011 fire that devastated his former Black Rock facility.

 WKBW News Story: Niagara Lubricant Rebuilt After 2011 Fire



Revitalization: Coming to a Downtown Near You!


Are you a city, town, village, for-profit entity, non-profit corporation or an IDA seeking low-interest gap financing to improve your downtown? If you are located within the five county Western NY region (Allegany, Cattaraugus, Chautauqua, Erie or Niagara Counties), the Downtown Revitalization Loan Fund may be the answer for you. This Western Region Corporation (WRC) fund provides loans up to $500,000 for revitalizing downtown commercial center buildings and locations in accordance with the locally approved master or strategic economic development plan. Eligible projects include redevelopment of existing buildings and the development of new downtown commercial center buildings. To learn more, visit the WRC's website: or call the ECIDA at 716.856.6525.




On the Right Track!


 Did you know that the ECIDA manages 2 short-line railroads within the County? These lines carry freight such as propane, crude oil and agricultural-based products throughout the region and beyond. Many local manufacturers choose rail because it is a more cost effective and eco-friendly mode of transportation when compared to alternatives. Freight railroads continue to be critical to the economic well-being and global competitiveness of the United States.


SBA Small Business Awards

05/08/2014 Getting a jump on this year's National Small Business Week (May 12 - 16, 2014), the ECIDA was pleased to honor Ann Rhod's Tailoring as its Business of the Year. The award was presented at the SBA Small Business Awards held on Wed, May 7th at the Buffalo Niagara Convention Center. This year is a big year for Annette Watts, owner of Ann Rhod's, who is also celebrating 20 years in business. That's  a whole lot of alterations! Back in 2010, with assistance from the ECIDA's microloan program, Ann Rhod's Tailoring was able to expand services at their 3181 Bailey Ave, Buffalo location. Pictured is Mike Alexander, ECIDA Loan Assistant along with Annette Watts at the SBA awards luncheon.


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95 Perry Street, Suite 403, Buffalo, NY 14203 | Phone: 716-856-6525 | Fax: 716-856-6754

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