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What is the maximum amount of City funds that can be loaned to a business out of the economic development loan program?

April 26, 2017Business city Development Economic funds loan loaned maximum program

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What is the maximum amount of City funds that can be loaned to a business out of the economic development loan program?

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The program can provide up to $200,000 or 40% of the total project cost (whichever is lower). Projects with substantial job creation may receive up to $500,000.