Funding Details:
| Eligibility | A business must demonstrate a positive direct impact on the community in which it is located, on residents of that community, or on the local and/or regional economy. |
| Use of Loan Proceeds | Funding will be provided for land and/or building acquisition; construction/renovation activities; purchase of machinery and equipment which is an integral structural fixture of the business; and professional and financial fees. Funding may also be obtained for working capital by manufacturing firms. |
| Financing & Interest Rate | Loan funds are available for eligible businesses at an interest rate of 1½% for terms of 7 or 15 years. The County may finance up to 50% of the eligible project costs, with a minimum loan amount of $50,000 and a maximum loan amount of $1,000,000.00. Loans under $100,000 will be for a maximum 7 year term. |
| Jobs | The company must commit to creating 1 permanent, full time equivalent job for every $35,000 borrowed from the County. A majority (51% or more) of the jobs must be taken by or made available to persons from low/moderate income families. |