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When the ribbon was cut on a redesigned and expanded Pittsburgh International Airport (PIT) in 1992, economic development planners had every reason to hope that this world-class facility would drive growth in the region for decades to come. The gas will be delivered to a single pipeline and a new network of roads won’t be needed.
Projects applying for the investment promotion generally need to meet these criteria: value added of at least 20 percent of sales revenue; a debt/equity ratio of less than 3 to 1; utilization of modern production processes and new machinery; and adequate environmental protection systems.
million loan participation program fostering business expansion and job creation in Arizona by providing debt financing for small businesses (in collaboration with private finance partners). In 2001 the MRZ designation was renewed for the former Williams Air Force Base, now known as Williams Gateway Airport. TAX INCENTIVES.
Loan proceeds are to be used for working capital, inventory, equipment purchase, and real property improvements but cannot be used for refinancing of existing debt or outstanding debt payments. Hawaii-based companies that receive Phase I feasibility study SBIR awards can apply for funds from HTDC’s Hawaii SBIR Matching Grant program.
Pennsylvania Community Development Bank Loan Program (PCD Bank): (newpa.com/pcdbank) Debt financing for Community Development Financial Institutions (CDFIs). Grants for planning and feasibility studies up to 50% of the total cost of the planning project or $175,000, whichever is less. Guaranteed loans up to $500,000.
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