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Incentives

Our assistance depends on each individual's need. Each "recipe" has different
ingredients such as: 

  • help in locating land or building for lease or purchase
  • employee recruitment and training
  • cash for jobs (as incentive)
  • grant incentives
  • revolving loans at reduced interest rates
  • tax incentives

The availability of funds from the Community Development Corporation provide a means of investing in basic job-retention/job-creation projects. The loans must and will be directed at the broadest array of projects, including but not limited to the following:

  • Acquisition or construction of facilities for lease to companies
  • Loans to companies for acquisition or construction of facilities
  • Leasehold improvements to facilities for lease to companies
  • Loans to companies for renovation of leased or purchased facilities
  • Loans to companies for equipment
  • Purchase of equipment for lease to companies
  • Loans to companies for working capital

The investment programs that have been designed are Revolving Loans, Venture Capital, Site Development and Major Projects.