Demonstrated Needs - $250,000
Includes up to $25,000 for administration; up to $3,700 for pre-agreement costs.
LaSTEP - $500,000
Includes up to $30,000 for administration; up to $3,700 for pre-agreement costs.
Public Infrastructure
Includes a maximum of $35,000 for administration; up to $3,700 for pre-agreement costs.
- water projects (fire protection) . . $500,000
- water projects (potable) . . $800,000
- sewer projects (treatment) . . $1,000,000
- sewer projects (new systems) . . $800,000
- sewer projects (rehabilitation) . . $800,000
- street projects . . minimum - $150,000; maximum - $600,000
Economic Development
The amounts available are limited by the number of new, permanent, full time jobs created based on a maximum of $10,000 per job for publicly-owned infrastructure, and a maximum of $15,000 per job for loans for privately-owned buildings or equipment. Includes up to $35,000 for program administration and a maximum of $9,000 for pre-agreement costs if the ERR is submitted prior to application submittal or a maximum of $4,000 for pre-agreement costs if the ERR is not submitted prior to application submittal.
New or Startup Businesses:
- $639,000 for grants for loans for equipment or building construction
- $639,000 grant for publicly-owned infrastructure
- $639,000 for purchase, rehabilitation or construction of a publicly-owned building
Expansion of Existing Businesses:
- no ceiling is imposed for a loan for equipment or building construction
- $1,039,000 grant for publicly-owned infrastructure
- $1,039,000 for purchase, rehabilitation or construction of a publicly-owned building
|