What type of projects or activities are eligible?

Projects include, but are not limited to:

  • Industrial/Commercial Development
  • Small Business Expansion
  • Small Business Start-up
  • Business Incubators
  • Community Infrastructure/Facilities
  • Medical Facilities
  • Training/Educational Facilities

Activities include, but are not limited to:

  • Acquisition, or construction of commercial and industrial buildings and structures.
  • Purchase of capitalized machinery and equipment with a useful life of at least five years.
  • Acquisition of real property for economic development purposes only.
  • Rehabilitation of deteriorated retail and commercial buildings occupied by the borrower.