Economic Development

Back to Business Funding Program

Central Hudson is pleased to offer our Back to Business Funding Program in coordination with our banking partners. As a result of the COVID-19 pandemic, we are committing up to $1 million in economic development support to provide local small businesses with grants to help pay down new working capital loans taken with participating local banks. This program is intended to assist small businesses in continuing operations or reopening when the economy is restarted. 

Incentives for job creation and revitalization

Central Hudson is committed to supporting businesses that create quality jobs in our service territory, particularly high-tech and industrial manufacturing companies in industries with positive long-term prospects. In addition, many corridors of the region’s small- and medium-sized urban centers are vacant and underutilized. Central Hudson is helping communities rebuild and revitalize these areas in order to attract new development, jobs and people. 

» Brochure: Details about incentives, worth up to $200,000, for these types of projects

Recent samples of how we have been helping with economic development initiatives in our communities:

Greene County

Ferguson Enterprises 

Ferguson Enterprises in Coxsackie is the recipient of a $200,000 Economic Development grant from Central Hudson under the utility’s Shovel Ready Sites program. Ferguson is the largest distributor of commercial and residential plumbing supplies in the United States. Central Hudson recognizes the importance of new private sector investment and job creation in the Hudson Valley which is why Central Hudso is so pleased to partner with Ferguson as they open their eleventh regional distribution center.

Dutchess County

Hudson Valley lighting Reception.jpg
Hudson Valley Lighting

Main Street Revitalization

Hudson Valley Lighting received a $100,000 Building Revitalization grant. The company relocated to a former Southeast Container in Wappingers Falls. With a capital investment of $17.4 million, Hudson Valley Lighting transformed the building with the installation of a new, energy efficient roof, new heating and cooling systems and a state-of-the-art warehouse and operations center. This relocation allowed Hudson Valley Lighting to retain 46 jobs, with the potential to create additional jobs in the coming years.

In the City of Poughkeepsie Central Hudson provided $250,000 to open Garden Street to accommodate vehicle traffic to a parking garage from Main Street; and at a separate site in Poughkeepsie, we've awarded funding for a rehabilitation project to restore a historic factory where commercial space, a cafe, retail space and affordable housing will be added.

In Wappingers Falls, funding is awarded to the West Main Street Redevelopment project to expand the County Players Theater and rehabilitate a historic building to add housing.

Ulster County

Zumtobel_USA.jpgZumtobel Lighting

SUNY New Paltz

Main Street Revitalization

Zumtobel Lighting Inc. is a leading international supplier of integral lighting solutions with a manufacturing plant in Highland. Zumtobel received Central Hudson's $200,000 Business Retention for Manufacturers grant. Zumtobel invested $4.7 million to serve the demands of its next generation LED luminaires and lighting systems. The investment allows additional work to be performed in-house and improves manufacturing productivity and product quality.

Central Hudson, SUNY New Paltz, and a venture capital investor have come together to form a Center for Advanced Manufacturing in 3-D Printing at SUNY New Paltz. 3D printing involves the creation of a three-dimensional object from a digital model.The burgeoning technology allows for a high level of customization and a relatively quick turnaround from concept to creation. The initiative aims to help grow the Hudson Valley's economy and create jobs in our region.

A major focus of the initiative is the creation of the Digital Design and Fabrication program at SUNY New Paltz. The program will bring the School of Fine and Performing Arts together with the School of Engineering to provide an introduction to how to conceptualize and create digital designs that can be fabricated on a 3-D printer. The second major focus of the initiative will be to build a support center that will provide access to high-end 3-D printing and fabrication equipment. The intent will be to build a major production facility and to support innovation, start-up businesses, prototype development, and to enhance the use of 3-D printing in the region. More than $1 million will be invested in the Center and Central Hudson will contribute $250,000 over 3 years.

As part of the Main Street Revitalization program, The Ulster Performing Arts Center (UPAC), Rural Ulster Preservation Corp. (RUPCO), and the City of Kingston are receiving funding to enhance Cornell Street between UPAC and the Lace Factory, improving the appearance of the area and providing a more pedestrian friendly environment. UPAC will use funding for infrastructure improvements that will eventually allow the theater to be open year-round; while RUPCO has rehabilitated the historic Lace factory provide artists with 55 live-work units together with community and gallery spaces. Both UPAC and the Lace Factory serve as an attraction to midtown Kingston, an important area for the city.

Orange County

Mckesson_2.jpgMcKesson Corporation


 United Natural Foods, Inc.

Broadway Corridor Enhancement

McKesson Corporation received a $200,000 Shovel Ready Sites grant. McKesson has made significant investments in constructing a 350,000-square-foot distribution center in the Montgomery. The company will distribute pharmaceuticals to customers located in Connecticut, New York, New Hampshire and Massachusetts, and expects to process approximately $2 billion of goods each year from this location and will  employ up to 175.

McKesson now joins several other companies that have established distribution centers in Orange County to take advantage of state and interstate highway access in this key location. Our region has experienced growth in job creation thanks to the recent investments of McKesson, UNFI, AmerisourceBergen and other employers.  

In the City of Newburgh, funding has been awarded for Broadway Corridor Enhancement project. The Newburgh Landbank is implementing a complete streetscape enhancement along Broadway between Johnson and Liberty Streets, focusing on a three block area that ties into their redevelopment plans, and planning the renovation of a key historic building. This project will help to expand redevelopment along the City of Newburgh’s primary corridor.

United Natural Foods, Incorporated (UNFI), located in Montgomery is the leading national distributor of natural and organic foods, specialty foods and related products in the United States and Canada. UNFI invested more than $58 million in its 505,000-square-foot distribution center catering to natural and organic retail grocery stores. More than 35,000 products are housed in the facility, which also contains 135,000 square feet of refrigerated space. Products will be distributed to markets in northern New Jersey and New York state. UNFI has already generated more than 350 new jobs in its first year of operation, and the company expects that it will ultimately create more than 500 jobs over two years at its new Orange County location. UNFI received a $200,000 economic development grant from Central Hudson under our Shovel Ready Sites program.