Financial Assistance

The City provides gap financing to large development projects that are intended to expand or enhance existing businesses, create new job or wealth opportunities, and assist viable economic development projects. This assistance is typically provided as a low interest, long-term loan.

Lending Highlights:

City funding will not exceed 20% of the total project cost.
Funds can be repaid as a low interest rate, long term loan.
Loan terms will vary based on the needs of the project.
City will consider subordinated debt.