Overview

Low-interest loans for projects in distressed communities.

Guidelines

comm-eco-dev_guidelines-09.pdf

Uses

• land and building acquisition
• building, construction and renovation
• machinery and equipment acquisition and installation
• working capital

Funding

Loans up to $100,000 or 50 percent of total eligible project cost, whichever is less.

Eligibility

For-profit small businesses (100 employees or less) involved in the business to public service, mercantile, commercial or point of sale retail sectors that are located in a DCED designated distressed community, Keystone Opportunity Zone (KOZ).

Terms

Two percent interest rate

How to Apply

Area Loan Organizations or state accredited Community Development Financial Institutions (CDFIs)