Agenda - 09-02-1997 - 9b - Laserfiche WebLink

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CAPITAL OPPORTUNITIES FOR SMALL BUSINESSES 17 STATE PROGRAMS PROGRAMNAME.-r AMCANTTM `Desca"ON I DISRURSFMEhrtS RFSTRIQIONS fvC OTI.ai Carnsece.Carrwerae Fesarmce�919!733.52!7 . «pi .- SSA00 Per nor►rrwwfap Loan is negotiated under a .:: Pto6rans applicant must m+ing!f� ^ergo paniciftauas Gaiasse Dev ^iat.: be focal govwrunsrt unit Lori can be used f«construction, created. Sl SAW par mfg.job created agreement with be*.individual firm, in mnjwrcuon with bank r°1D1atian.land acquiswion«the Purchase sox pi 1996 Eootwnic Dewlapnetr and local gonrerener apf>trr:rt.Bank and small business. of now equymra. funds were file aside few small business must provide at least f0%of loan loan projeoc. caPiul. y -•""'^ ~. CDBG limits are made available to foul Local governments set up funds using Loan funds exw only in sense counties. �:Fett� governneas who net apt ter:hniul assistance from orgarkzatfons 51 00,000 to local government applicant Funds must income ninantly benefit low CDOG mivoealeprik loan for i�macro enterprise program, to moderate irncorrne porsarn+. n NC 98 fads. e%PlrirnCed in mit7o-eterpise lending. counties are eligible. Bier Commercial business Loam m for capital related energy (5700,000 0 5500,000 pot loan for up a Rctluires Icier of credit from a Asograwm., located or moving o NC. such as energy svillg nmelors. 7 years at rare not higher than 5%.funds participating bank. boiler improvements and low energy lighting. are provided from a pool pi S2.5 million. low interest frrsanc Maximum tax exenspi bond amount n Available only to firms paving 10% .., leng°sem4 sing.Low rates f 10 million Immdustrel Revesre Raved` Manufacruring eonnpanies available on tax exot*nW issues because the �jurisdiclon over a si:year over the average[oumy wage. Fulls period.1996 sate volume ca was 5337 must be used for for acquhing fixed cress. bonds are not subject to federal income u:. Pon P cacti!expendhues. Usually 8 to 10 yr.maturity. million.Taxable issues are not subject to New firms must out up 25%of the this limit. bond amount. f ob Cnaaow Tax Paedit Companies with over 5 I Tax credit f«businesses creating jobs m SS00 ro St 2.000 per job created.A max.I The new jobs mum pay 10%above the employees. eligible industries. of 505:al teal tax Itabihry can be olfser average weekly manutacturng wage of over a four year period the county Local Government furls available(«the creation of $4,000 Must be used for manufacturing Ist"Di rslopetaid Fund per job,up to a maximum of protects bins county designated as Applicants nunsrfacrunng and processing jobs. 3400,000. economically distressed. NC Dept.of C.onnmerce.Division of Conxwumn,Assistance 919/733.2113 fnmovalive Eoasorsie Unit of local government Each year program focus changes. Development Dersrfioralion in partnership with private Assistance for local projects targeting a Up to$350,000 per award. You of St 1996 focus is on project that aid hograwm.-_ companies. specific state need. million available in 1996. people emerging from welfare o -' substance abuse programs. NC Dept.Of Correnerce-Intersutienil Trade Division 919/7337193 •. V Exporters can increase their profit margins by Cenerallv 1 S%of expon profits arc tax FSC hecomes cot effective when excluding ion of their ion sales exempt.Maximum tax savings can be as call Perm gin export sales reach 5500.000.Must Shared Frreiym.fales Corp. Exporters income from Wderal and mute taxable high as 305:,.Leas titan 5°,:of U.S.st have at least one director who n not a m incoe Formation cost arts at 52,000. exposing companies Lake advantage of US raiment. FSC apron. NC DepL of Commerce•Business and lndnsrm Division 919/'33.4151 .. Businesses locating or M«sry can be used for equipmet,structural Average award is about$250,000.S1 0S expanding_irdssatel Reeri�sert-,;' in NC deemed reports.renovating buildings,and Only a selecred group of small million of S12 million fund cortnmed laeapeluve frsmd to be viol ro a loaluny construction pi«irnFxovemens to new« between Dec.93-km.95. businesses and industries. . - mute economy. esdwrmg weer.sewer.gas«ekeeic. Noll Cmali n Department pi A 919/733.2113 ...�...._ _,rr ..__ Low interest loam piloted on a participating Alas arc currontYy used only for farm -Ner16 careless Rseaf- basis with the Rural Economic and - Rua families purchase and improvement loam and _'.isisebw lies,C•erP-...-`' Community Devdopmera Agency and the NC wA loans to small load processing -= Agricultural Finance Authority. operations in rural areas. 8 V