Government Grants
Business Grants
Home Owner Programs
Federal Programs
About Us
Elizabeth Development Company
Elizabeth NJCDFI Awards for Elizabeth Development Company
NMTC (2007) - $25,000,000
The Elizabeth Development Company ("EDC") will utilize 100% of its allocation to provide flexible debt investments to enhance communities designated as “redevelopment areas” by the city of Elizabeth, NJ. EDC will provide below-market rate, subordinate loans that will close financing gaps and attract stable retailers to highly distressed areas of Elizabeth. This retail will anchor these communities and serve as a catalyst for growth and quality housing. The NMTC investments will be coordinated with several municipal and state initiatives, and will qualify as “New Jersey Smart Growth Developments” – which focus on preserving open space and environmental resources.
NMTC (2006) - $10,000,000
The Elizabeth Development Company ("EDC") will utilize 100% of its allocation to provide flexible debt investments to enhance communities designated as “redevelopment areas” by the city of Elizabeth, NJ. EDC will utilize the NMTC to provide below-market rate, subordinate loans to attract quality retail tenants to the designated redevelopment areas. This subordinated debt will provide the necessary gap financing to attract stable retailers, which will serve as catalyst for economic growth within these highly distressed areas of Elizabeth.
Other Community Development Financial Institutions in New Jersey
Elizabeth Development Company
Elizabeth
Featured Government Grant Resources
Small Business Grants - Support for Veterans
The SBA is dedicated to lend a hand to the service people in America and directly links with the Patriot Express Loan for veterans who desire to initiate their own business and want to start commercial activities. The SBA also plays a role in encouraging growth and job creation during the process, which is an indispensable part to support economic prosperity.
Small Business Innovation Research Phase IIB Bridge Awards
In line with this mission, the NIH has recently constituted the Small Business Innovation Research Phase IIB Bridge Awards to Accelerate the Development of Cancer Therapeutics, Imaging Technologies, Interventional Devices, Diagnostics, and Prognostics Toward Commercialization Program.
Social Entrepreneurship
Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.
