In conjunction with the East Montgomery County Improvement District, the East Montgomery County Economic Development Corporation (EDC), a non-profit subsidiary, can provide additional financing options for your relocation or expansion needs with below-market rates and extended terms in return for job creation activities. Incentive funds can be used for training, building improvements, furniture, equipment, fixtures, and various needs.
The EDC has the ability to structure incentive packages to fit your company’s needs. Options include:
- Low Interest Loans
- Subordinate Debt Financing
- Equity Participation
- Assistance in Utility Infrastructure Development and Financing
- Assistance in Bonding Capability
- Tax Abatement on Property which is improved
The EDC is led by a five-member Board of Directors, including Chairman Brenda Webb, Stephen Carlisle, Leonard Rogers, and Jon Unterreiner, with one seat currently open.