New York Incentives and Workforce Development Guide
Buisness Facilities Contributed Content
MARCH 8, 2016
Financial institutions must enter into a Capital Access Program Lender Agreement with Empire State Development before enrolling loans. Borrowers must have at least a 10% equity interest in the project or business. 10% Borrower Equity. The maximum award is a $50,000 grant. Typical financing structure: 50% Bank Loan. 40% JDA Loan.
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