The Linked Deposit Program (LDP) was created to encourage and assist New York State manufacturers and small businesses to undertake investments that improve performance and competitiveness, leading to a stronger economy for New York State. There are currently 72 lenders participating in the Linked Deposit Program. Since the Program’s inception on February 11, 1994, LDP has funded nearly 4,900 projects for a total amount of $1.57 billion, leveraging $3.4 billion in new capital investment by businesses in New York State. During 2012, LDP processed 221 applications and approved 187 loans for deposits totaling more than $77.4 million which will generate $147.5 million in private sector capital investment, Read the annual LDP report for 2013 here.
