Government Grants
Business Grants
Home Owner Programs
Federal Programs
About Us
Elizabeth Development Company
Elizabeth NJThe 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.
CDFI 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 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.
Community Development Credit Unions
A Community Development Credit Union, more commonly known as a CDCU, is a credit financial institution which owned and controlled by its members in an effort to sustain the ability of being able to provide a wide array of financial services.
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
