Posts Tagged ‘Grow America Fund’
Thursday, February 21st, 2013
From Right: Gary Pertlow- Assembly Person, Mayor Mike Spano, Dan Marsh- NDC, Chuck Lesnick- City Council President, Joe Cotter- National Resources, Shelly Mayer- Assembly Person
Yonkers, NY (February 21, 2013) – Yonkers Mayor Mike Spano will officially announce the completion of the new $14 Million Warburton Garage at a ribbon cutting ceremony on Friday February 22, 2013. The development was financed as a Public Private Partnership with $3.8 million in tax-exempt bonds, $4.0 million in municipal grants, a $2.7 million taxable mortgage and $3.5 million in New Markets Tax Credit (NMTC) equity from Solomon Hess CDE in partnership with Goldman Sachs, Yonkers Industrial Development Agency, Yonkers EDC, Hudson Valley Bank and the National Development Council (NDC).
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Tags: City of Yonkers, Emerging Technology, Goldman Sachs, Grow America Fund, Hudson Valley Bank, iPark, LIHTC, Manufacturing Jobs, Mike Spano, NDC, New Markets Tax Credit, NMTC, Ribbon Cutting, small business, Solomon Hess, Warburton Riverview Apartments, Yonkers, Yonkers EDC, Yonkers Industrial Development Agency, Yonkers Public Library
Posted in Community Matters, Development Assistance, NDC News, New Markets Tax Credits, Public-Private Partnerships | No Comments »
Monday, December 17th, 2012
The Grow Vallejo Fund, an innovative economic development finance program created by the City of Vallejo, in partnership with the National Development Council (NDC), is assisting a local manufacturer in strengthening its foundation for future growth. Alamillo Rebar, a family-owned company in Vallejo that manufactures and installs reinforcing steel bars, has received $740,000 in financing from the Grow Vallejo Fund to redesign its capital structure and improve its cash flow, giving it flexibility to meet future growth opportunities. The program was created to stimulate the local economy and create jobs, making loans to eligible small businesses with capital from both the City of Vallejo and NDC, as part of NDC’s Grow America Fund (GAF). The Grow Vallejo Fund is capitalized, in part, by $200,000 from the City’s federal Community Development Block Grant program allocation.
Read more: http://www.sfgate.com/business/prweb/article/City-of-Vallejo-Assists-Local-Manufacturer-4074656.php#ixzz2DeSeQl74
City of Vallejo Assists Local Manufacturer
Tags: Grow a Small Business, Grow America Fund, Grow Vallejo Fund, Manufacturing, small business
Posted in Uncategorized | No Comments »
Monday, December 17th, 2012
NDC GAF Co-sponsors a Green Business Symposium in Morgan Hill on November 8 from 8 AM to 10 AM at the Community and Cultural Center located at 17000 Monterey Road. Businesses will learn how to save money by going green and how to become a Green Certified Business. Businesses will have an opportunity to network and hear from industry experts who will discuss new products, rebates and resources. Event partners include PG&E, the Santa Clara County Water District, Recology, the Grow Morgan Hill Fund and the Opportunity Fund. Register for the event at www.morgan-hill.ca.gov/gogreen or contact Edith Ramirez at 408-310-4633 or edith.ramirez@morganhill.ca.gov.
Tags: Go green, Green, Green Business, Green Business Symposium, Green Certified Business, green industry expert, Grow America Fund, Grow Morgan Hill Fund, Morgan Hill, National Development Council, NDC, Opportunity Fund, Recology, Santa Clara County Water District, Save Money, Sustainable Development
Posted in Uncategorized | No Comments »
Friday, March 23rd, 2012
Innovative EDGE Impact Fund Promises to Create Much-Needed Jobs
Memphis and Shelby County have a powerful new tool designed to create jobs and improve the local economy. The EDGE Impact Fund, just approved by the Economic Development Growth Engine (EDGE) Board, will pump $500,000 into a new loan fund for expanding small and medium-sized businesses. Leverage will turn the initial capitalization into a pool of $3.0 million for loans available to businesses in underserved areas. NDC, through its Grow America Fund, will administer the EDGE Impact Fund and get good financing to expanding small businesses that are creating jobs. This is just the latest initiative in the City’s and NDC’s over two-decade partnership that has seen the design of programs and financing of projects that benefit the area’s low and moderate-income people.
Read More about the EDGE Impact Fund
Tags: City of Memphis, Economic Development Growth Engine (EDGE), EDGE Impact Fund, Grow America Fund, Shelby County
Posted in Community Matters, Development Assistance, Small Business Lending | No Comments »
Wednesday, April 28th, 2010
Garner Holt with his Yeti.
San Bernardino, CA – After two years of research and development on a project that would take his company and with it, the animatronics industry, to a new level, Garner Holt, president of Garner Holt Productions (GHP) in San Bernardino, California, was ready for a working capital loan. He approached the City of San Bernardino for financing.
Since 1999, the City of San Bernardino (where NDC has provided technical assistance since 1986) has been a participant in NDC’s Grow America Fund (GAF) through its Grow San Bernardino Fund, and Holt was referred to NDC Field Director Scott Rodde for his loan. (more…)
Tags: Garner Holt Productions, Grow America Fund, Grow San Bernardino Fund, San Bernardino CA
Posted in Small Business Lending | No Comments »
Monday, April 12th, 2010
Photo courtesy of Sam Tenney / The Citizen.
Auburn, NY – - Talic, Inc., a manufacturer of storage and display systems for kayaks, canoes and rowing shells, celebrated the move of its operations to Auburn with a ribbon-cutting ceremony today, at their headquarters on 7 Bellnier Lane. Owners Tim and Jeanne Tucker were joined in the celebration by Auburn Mayor Michael Quill, Cayuga County Chamber of Commerce President Andrew Fish, Robert Sweet of the Grow America Fund and other well-wishers. (more…)
Tags: Auburn NY, Cayuga County NY, Grow America Fund, Grow Auburn Fund, Talic Inc.
Posted in Small Business Lending | No Comments »
Friday, April 2nd, 2010
Through a partnership with NDC’s Grow America Fund (GAF), the City of Santa Cruz, CA has created the Grow Santa Cruz Fund to provide critically-needed funds to its small businesses. Like all GAF loan funds, the Grow Santa Cruz Fund will leverage at least three times the City’s initial investment, making over $1 million available to support local businesses and job creation. Read local press coverage in the Silicon Valley/San Jose Business Journal.
Tags: Grow America Fund, Grow Santa Cruz Fund, silicon Valley/San Jose Business Journal, Small Business Lending
Posted in Development Assistance, Small Business Lending | No Comments »
Wednesday, October 14th, 2009
For Immediate Release
MAYOR BOOKER AND BRICK CITY DEVELOPMENT CORPORATION CUT THE RIBBON ON DENTAL KIDZ, A NEW PEDIATRIC DENTISTRY IN DOWNTOWN NEWARK
Local husband and wife team open 8,000 square foot state-of-the-art pediatric dentistry and orthodontic practice; $710,000 project financed by the Grow Newark Fund
Ribbon Cutting Ceremony at Dental Kidz
Newark, NJ – October 13, 2009 – Mayor Cory A. Booker was joined today by Deputy Mayor for Economic Development Stefan Pryor, Brick City Development Corporation Executive Vice President Darryl Godfrey, Grow America Fund (GAF) President Pat Thomson and Loan Officer Charlie Giuliano, and Christopher and Dr. Lezli Harvell, Newark residents and BCDC Grow Newark Fund Recipients, to mark the opening of Dental Kidz, a new pediatric dentistry and orthodontic practice at 24 Commerce Street, in the City of Newark’s downtown district. GAF, NDC’s small business lending program is partnering with Brick City Development Corporation to make credit available to qualified small businesses in Newark. (more…)
Tags: Community Matters, Economic Development, Grow America Fund, Newark, Small Business Lending
Posted in Community Matters, Development Assistance, NDC News, Small Business Lending | No Comments »
Tuesday, September 29th, 2009
Pat Thomson
Pat Thomson, President of NDC’s small business lending company, Grow America Fund (GAF), was part of a panel of experts for the recent webinar, “SBA Lending Programs and the American Recovery and Reinvestment Act of 2009.” Thomson’s presentation, “Small Business Lending in the New Environment,” described GAF’s business model and provided lenders with advice on identifying lending partners and surviving the current credit environment.
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Tags: ARRA, Grow America Fund, National Development Council, SBA, Small Business Lending
Posted in Community Matters, Development Assistance, NDC News | No Comments »
Wednesday, July 29th, 2009
The Tile Studio, an authorized dealer of fine American and European art tiles, opened its doors in April of 2003. Since then, owner Frank DiMercurio has turned his fledgling business into the premier source for high quality tiles for retail and wholesale clients from the Monterey Peninsula and beyond. A third generation tile installer with long-term relationships in the tile and construction industries, Mr. DiMercurio leveraged his skills and network of contacts so well that in just six years The Tile Studio had outgrown its 1,200 square foot retail space. With tiles displayed on every surface, and additional tiles kept in storage, it was clear The Tile Studio needed a new home. (more…)
Tags: Grow America Fund, Grow seaside Fund, Seaside CA, The Tile Studio
Posted in Small Business Lending | No Comments »
Friday, July 10th, 2009
A new, $8 million revolving loan fund for small businesses in Seattle and King County will be launched this month by NDC’s Grow America Fund (GAF) together with the City of Seattle, King County and the Seattle Foundation. GAF is NDC’s Small Business Lending Company, partnering with client communities throughout the U.S. to provide credit to small businesses.
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Tags: CDE, Credit Crisis, Grow America Fund, Grow Seattle Fund, King County, SBA, Seattle, Seattle Foundation, Small Business Lending, Small Business Revolving Loan Fund
Posted in Development Assistance, NDC News, Small Business Lending | No Comments »
Tuesday, July 7th, 2009
Across the country, NDC’s community partners know all too well that the “credit crunch” is not simply a Wall Street story, not just a Fortune 500 story. They know that it is even more acutely a Main Street story, hurting small businesses who need credit for their daily operations or for their growth and expansion.
But Long Beach, California, is not idly standing by as a lack of credit threatens the potential of the city’s small businesses to survive and prosper. The Grow Long Beach Fund, part of NDC’s Grow America Fund (GAF), has been in operation for more than twelve years, lending nearly $7 million to 21 businesses that have created 200 jobs. But it has never been more important to the Long Beach economy.
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Tags: Blood and Cancer Center, CDE, Credit Crisis, Grow America Fund, Grow Long Beach Fund, Long Beach CA, SBA, Small Business Credit, Small Business Lending
Posted in NDC News, Small Business Lending | No Comments »
Wednesday, March 25th, 2009
Eagle Precision Products in Cuyahoga County, OH continues to prosper with a small business loan from NDC.
Despite the contracting credit markets and the decline in small business lending, NDC’s small business lending division, Grow America Fund (GAF), is busier than ever, speaking out about the need for increased measures to support small business lending and making loans to small businesses throughout the country. During the first quarter of the year, GAF closed small business loans in New York City, Seattle and Cuyahoga County with a diverse subset of businesses. (more…)
Tags: Grow America Fund, Small Business Lending
Posted in Small Business Lending | No Comments »
Friday, March 6th, 2009
NDC Offers Congress A Plan for Job Creation Through Community Lending
NDC President Bob Davenport was invited to testify at a March 4 meeting of the House Subcommittee on Financial Institutions and Consumer Credit in Washington. The hearing focused on the effect of TARP funds on consumer and business lending, and Bob’s statement described the recent experiences of NDC’s Grow America Fund, our small business lending arm. He told of the sharp increase in the number of businesses seeking credit from GAF as well as some of the changes that have occurred in GAF’s relationships with its banking investment partners due to the current crisis in our financial system. (more…)
Tags: Capitol Hill, Grow America Fund
Posted in NDC News | No Comments »
