Economic Development Loan & Facade Program

  1. Economic Development Loan Program
  2. Facade Loan Program

The Economic Development Loan Program has three components:

  • Industrial Development Loans are made to larger projects, and are primarily targeted to manufacturing businesses.
  • Commercial Enterprise Loans are made to larger retail and service businesses. Both of these loans have a 4.0% rate, and can be used primarily for asset expenses, such as land or building acquisition, building construction, or purchases of machinery. The CDA also has a loan program for small and start-up businesses.
  • The Micro-Loan Program has a maximum loan amount of $15,000, and may be used for a greater number of purposes. Businesses should contact the CDA to determine if these, or another program may be suited to their project.

Manual

Economic Development Loan Program Manual (PDF)