This program funds all site development activities required to make business sites shovel-ready, focusing on speculative projects on previously used or undeveloped zoned land. Loans feature patient repayment terms and interest rates tied to local unemployment and lien position. Eligible applicants include municipalities, redevelopment authorities, and private developers.
Eligible applicants include municipalities, municipal authorities, redevelopment authorities, industrial development agencies, and private developers. Projects must involve non-residential, non-recreational site development on zoned land.
