• Nov 30, 21
• spencergregory
• Revolving Loan Fund Directory
• 0 comment

The City offers the following programs to assist businesses in the industrial/high technology sectors.

Financial Assistance Program Provides financial assistance to new or expanding city businesses to stimulate private sector job retention and/or creation, investment within the City of Rochester and increases in the City’s tax base.

Eligible projects include furniture, fixture and equipment purchases, machinery acquisition, working capital and the acquisition, construction and/or renovation of real estate.

Available assistance includes low interest loans up to $250,000 and interest rate subsidy grants.

Building Renovation Matching Grant Program Provides 50/50 matching grants of up to $30,000 to qualified businesses located within or moving into the city of Rochester.

Eligible projects consist of interior or exterior building renovations and/or building improvements, including security enhancements, which result in the creation and/or retention of private sector jobs.

Main Street Assistance Program Provides financial assistance to businesses and property owners located in the downtown Rochester area to promote investment and job creation/retention in the core area of Rochester’s Center City.

Eligible projects include furniture, fixture and equipment purchases, working capital, real estate acquisition, interior and exterior building improvements and environmental remediation.

Available assistance includes low interest loans up to $250,000, interest rate subsidy grants and 50/50 matching grants of up to $30,000. Targeted Business Assistance Program Provides financial assistance to targeted small businesses located within or moving into the City of Rochester which may have barriers to obtaining the capital necessary for business growth and development.

Eligible projects include furniture, fixture and equipment purchases, working capital and acquisition, construction and/or renovation of real estate, and must result in the creation and/or retention of private sector jobs.

Available assistance includes low interest loans up to $150,000, interest rate subsidy grants and 50/50 matching equity grants of up to $10,000. Pre-Development Matching Grant Program Provides matching grants up to $25,000 to established firms/developers of industrial or large commercial projects that meet the City’s economic development goals.

Program funds may be used for environmental investigations and other studies which are needed to determine the cost of redeveloping brownfields or other city sites.

Job Growth Credit Program Encourages the hiring of city residents by providing credits that can reduce annual principal and interest payments on City loans for expansion projects creating at least 20 new full-time jobs.

Rochester Economic Development Corporation (REDCO) Revolving Loan Fund Provides financial assistance to new or expanding city businesses to stimulate private sector job retention and/or creation, investment within the city of Rochester and increases in the City’s tax base.

Eligible projects include furniture, fixture and equipment purchases, machinery acquisition, working capital and the acquisition, construction and/or renovation of real estate.

Available assistance includes low interest loans up to $250,000 and interest rate subsidy grants.





Contact Information
City of Rochester, New York
Address: 30 Church Street, Room 005A
City: Rochester
State: New York

Website: http://www.cityofrochester.gov/article.aspx?id=8589935982

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