State Economic & Infrastructure Development (SEID) Investment Program

Federal Agency

Sub-Department

N/A

Purpose

To fund economic development and infrastructure projects throughout designated counties in its 4-state service area of Maine, New Hampshire, New York, and Vermont. Revolving loan funds may be used to fund workforce development and job training.

Applicant and/or Project Eligibility Requirements

Applicants must be in an eligible county across the 4-state region: Maine, New Hampshire, New York, and Vermont.

Decarbonization Considerations

The program specifically highlights basic infrastructure construction and repair (efficiency retrofits, weatherization, sustainable building design, etc.), renewable energy infrastructure, and transportation infrastructure, including roads, bus stations, terminals, and refueling/charging stations. For workforce development projects, consider integrating new clean energy and EV supply chain manufacturing into regional economic development strategies. Where possible, consider whether partnerships with universities or community colleges could be leveraged to launch an economic diversification and workforce development strategy to promote and enhance the growth of emerging industries and retain local talent.

Equity Considerations

The Commission is required to annually assess the level of economic and demographic distress among the counties in its service area. Counties are designated as either Distressed, Transitional, or Attainment. “Distressed” counties are those that “have high rates of poverty, unemployment, or outmigration” and “are the most severely and persistently economic distressed and underdeveloped.” The NBRC is required to allocate 50% of it total Appropriations to projects in counties falling within this designation. Commission grants within Distressed Counties only require a 20% match.

Helpful Tips

To increase competitiveness, align projects with state economic development plans and NBRC’s Five Year Strategic Plan, linked here: https://www.nbrc.gov/content/strategic-plan

Other Notes

NBRC investment funds originate from the Federal Government but are approved by the Federal Government’s NBRC representative (Federal Co-Chair) and the Governors of the four states. The NBRC partnership is aided by recognized Local Development Districts (LDD) that assist with technical assistance, provide information on complimentary funding opportunities for projects, and ensure consistency with administration of projects that are funded.