Areas Served: Floyd County
The Charles City Area Development Corporation offers several loan programs for businesses in Floyd County, Iowa.
Revolving Loan Fund In cooperation with the City of Charles City, the Charles City Area Development Corporation administers these funds to stimulate industrial development and expansion within the city limits of Charles City.
Intended as an incentive to assist development and expansion, the Revolving Loan Fund has been established to provide gap financing for development projects.
Private Job Creation Fund (or Capital Fund) The Job Potential Review committee of the Charles City Area Development Corporation is responsible for overseeing all applications to the Capital Fund.
The Capital Fund money was raised from the private sector of the community: businesses, private individuals, and financial institutions.
This funding is tied to job creation and the economic value of those jobs to the community.
Charles City Regional Revolving Loan Fund In an effort to promote and encourage economic development within the communities of the greater Floyd County region, the Charles City Area Development Corporation has established a revolving loan fund to provide financial assistance to new and expanding businesses.
The Regional Revolving Loan Fund is designed to provide supplemental financing in support of new and expanding businesses located within, and adjacent to Floyd County.
The revolving loan fund will be used by the CCADC to make loans and loan guarantees for the following purposes: – To increase employment opportunities, particularly for low and moderated income residents, by increasing the number and type of businesses within member communities and rural Floyd County.
– To offer financial assistance that will promote the retention and expansion of existing businesses.
– To increase the property tax base.
– To diversify the region’s economic composition by encouraging unique or essential business concerns.
Contact InformationCharles City Area Development Corporation
Address: 401 North Main Street
City: Charles City
State: Iowa
Website:
http://www.charlescityia.com/financing.htm#1
Leave a Reply