The Empire State Development Corporation (“ESDC”) is the New York State vehicle for promoting economic development, job creation, and the private sector investment in New York State businesses. ESDC provides a variety of financing programs, including grants, loans, and equity investments that help businesses to grow. ESDC will provide several kinds of financial products that will serve as sources of leverage loans in NMTC transactions, including the competitive Restore NY program awards; discretionary loans and grants funded by either ESDC bond issuances or legislative appropriations; and loans funded by bond issuances from ESDC’s affiliate, the New York Job Development Authority (JDA).