The Area Development Fund (ADF) is a state-funded program that provides financial support for capital projects. Activities that can be funded with ADF dollars include:
• construction, reconstruction, renovation, and maintenance of buildings and other improvements to real estate
• acquisition of real property
• major equipment purchases
• industrial site development
• installation of water, gas, sewer, and electrical lines to public facilities and industrial sites
• solid waste management or disposal systems needed to comply with law, and architectural, engineering and legal fees in connection with such projects
• eligible project costs incurred within the previous five years may be retroactively funded.
There is no maximum project amount or local match requirement.