Tuesday, October 20, 2015

Financial Aid In Imperial Valley

FINANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department
 May 2002 page 13
City of El Centro
SUMMARY
Contact
El Centro Redevelopment
Agency
1275 Main Street
El Centro, CA 92243
Phone: (760) 337-4543
Fax: (760) 352-4867
Services
¨ Redevelopment Area
¨ Commercial and
Industrial Revolving
Loan Fund Program
¨ Façade Improvement
¨ Promotion of
commercial and
industrial land
¨ Centerpoint Industrial
Park
¨ First Time Home
Buyer Program
¨ Promote the
development of
projects that are in
scale with the
character of the El
Centro community.
¨ Professional staff
assistance
Related pages
¨ El Centro Chamber
of Commerce
¨ Financing Program
section
The City of El Centro is the center of
one of Southern California’s most
promising new commercial and
industrial regions and just 15 minutes
from the international industrial
complexes in Mexicali, Baja California.
There are two international border
crossings nearby for commercial and
noncommercial vehicles.
The Redevelopment Agency is
responsible for economic development
and redevelopment activities
throughout the City and
Redevelopment Areas. The RDA is the
primary liaison with business owners,
property owners, developers and local
business oriented organizations to aid
in the attraction and retention of
businesses
Approved Redevelopment Area
Businesses that locate within any of the
Approved Redevelopment Areas
receive priority consideration for loans
and are eligible for assistance under the
Façade Improvement program. .
Centerpoint Industrial Park
This industrial park is within the
Approved Redevelopment Area. It lies
at the eastern edge of the incorporated
city limits of the City of El Centro.
The industrial park consists of
approximately 80 acres, with 36 lots.
The park is fully served by all pertinent
city services (water, electric, curbs, gas,
cable, drainage, gutters, sidewalks,
paved street, street lighting). The
zoning allows for a wide range of
manufacturing, fabrication, industrial
and selected business uses.
Façade Improvement Program
The purpose of this program is to
encourage rehabilitation of commercial
storefronts in the downtown area and
any commercial property located within
the boundaries of the Redevelopment
Area.
Commercial and Industrial
Revolving Loan Fund (RLF)
The primary goal of the RLF program
is to assist and facilitate commercial
and industrial revitalization through
gap financing. This is intended to aid
in the development and expansion of
commercial and industrial businesses to
generate employment opportunities,
stimulate private reinvestment, and
improve those areas experiencing
economic decline. The maximum loan
amount of RLF funds to be loaned to a
single business will be $200,000. The
goal for the RLF funds is to be matched
on a 2:1 dollar basis with private funds.
Funds may be used for construction,
land acquisition, equipment and
working capital.
First Time Home Buyer Program
This program is intended to offer first-time
homebuyer down payment
assistance to all qualified residents of
the City for purchase of any existing or
qualifying new home through the
Redevelopment Agency program.
The Redevelopment Agency Set-A-Side
Fund provides funding loans to
enable households earning up to 120%
of median income to enable to qualify
for permanent financing of single-family
homes. The down-payment
assistance may be up to $20,000, which
may be repaid in twenty years with
interest only during the first five years.

FINANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 14
City of Holtville
SUMMARY
Contact
City of Holtville
121 West 5 th Street
Holtville, CA 92250
Phone: (760) 356-2912
Fax: (760) 356-1863
hltvcity@icoe.k12.ca.us
Services
¨ Redevelopment Area
¨ Community
Development Block
Grants
¨ Façade Improvement
¨ Business Expansion
Loans
¨ Utility Tax Cap
Related pages
¨ Holtville Chamber of
Commerce
¨ Financing Programs
section
Redevelopment Authority
Holtville’s Redevelopment Area
encompasses the entire City of
Holtville.
Community Development Block
Grants
The City offers low-interest loans to
eligible commercial and industrial
concerns to encourage job creation.
Business Expansion Loan Fund
To encourage business locations and
expansion, the City offers citywide
low-interest loans Business and
Industry Loan Guarantee Program in
commercial and industrial areas.
Utility Tax Ceiling
The City has established a utility tax
ceiling of $338,590 per year and any
increase is tied to the Consumer Price
Index.
Façade Improvement
The Redevelopment Agency offers
matching funds up to 50% or $5,000 to
local businesses for Façade

Improvement.

FINANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 15
City of Imperial
SUMMARY
Contacts
City of Imperial
420 S. Imperial Avenue
Imperial, CA 92251
Phone: (760) 355-1152
Fax: (760) 355-4718
publicworksdirector@
cityofimperial.org
Services
¨ CDBG Grant
Program
¨ Redevelopment
Agency
Related pages
¨ Imperial Chamber of
Commerce
¨ Financing Programs
section
City Community Development
Block Grant Program
The City of Imperial intends to apply
for CDBG economic development
funds through the State Small Cities
CDBG Program. This program will
provide below market rate loans to
new or expanding businesses that
create or retain jobs for lower income
households.
Loan funds can be used for such items
as working capital, machinery and
equipment, land acquisition, and
refinancing of certain types of existing
debt.
Loan terms can be up to fifteen years.
At least one job for target income
group households must be created for
each $35,000 in CDBG loan funds
received.
Redevelopment Agency
The City’s Redevelopment Agency
offers the following types of
incentives for new businesses wanting
to expand:
¨ Land Cost Write Down – land
purchased by the Agency and
resold to the business at a
discounted rate,
¨ Construction of public
infrastructure (water and sewer) in
support of the business,
¨ Payment of certain fees; such as
school impact fees on behalf of the
new or expanding business,
¨ Assistance with demolition and
removal of blighted buildings
¨ Assistance with site assemblage
through merger of substandard
parcels.
Redevelopment Agency incentives
will vary for each business according
to the size of the project and jobs
created.

FINANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 16
City of Westmorland
SUMMARY
Contacts
City of Westmorland
PO Box 699
355 South Center Street
Westmorland, CA 92281
(760) 344-3411
The Holt Group, Inc.
1561 South Fourth Street
El Centro, CA 92243
(760) 337-3883
Services
¨ Low Interest Loans
¨ Loan Application
Assistance
Related pages
¨ Financing Programs
section
Business Loan Assistance and
Revolving Loan Account Program
The City of Westmorland utilizes the
California State Department of
Housing and Community
Development Community
Development Block Grant (CDBG)
program funds for a Business Loan
Assistance and Revolving Loan
Account Program.
Although the loans may not provide
for all financing, they assist in
covering any financial gaps. The
Program guidelines provide a
minimum loan amount of $10,000 and
maximum of $200,000.
Loan Types
Working Capital/Lines of Credit
Loans may help with cash-flow
deficiencies in times of economic
downturn.
Construction/Acquisition Loans assist
in revitalizing existing buildings,
expansion of business and new
buildings.
Equipment purchase and
Modernization Loans are available for
inventory revitalization and various
equipment renovations.
Interest
The interest rates available usually
range between 4% and 7% depending
upon credit worthiness.
Eligibility
The business must be located within
the City of Westmorland and show a
necessary and appropriate need for
assistance. The business must also
offer half of its new employment
positions to individuals from the
Targeted Income Group, that is, those
who live in households that earn 80%
or less of the median household
income for Imperial County.
Redevelopment Agency
The City’s Redevelopment Agency
offers the following incentives:
¨ Land Cost Write Down (land
purchased by the Agency and
resold to the business at a
discounted rate).
¨ Supports businesses by aiding in
the construction of infrastructure.
¨ Payment of certain impact fees on
behalf of the business
¨ Assistance with demolition and
removal of blighted buildings
¨ Assistance with site assemblage
through lot mergers of substandard
parcels.
The incentives listed above may vary
depending upon the size and scope of
the business.

INANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 7
Small Business Development Center
SUMMARY
Contacts
Small Business
Development Center
301 N. Imperial Avenue,
Suite B
El Centro, CA 92243
Phone: (760) 312-9800
Fax: (760) 312-9838
www.ivsbdc.ca.gov
Services
¨ One-on-one business
consulting for
existing and start-up
businesses
¨ Information and
referral resources
¨ Workshops, seminars
and training
¨ Business resource
library
Related Pages
¨ Imperial County
Community and
Economic
Development
Department
¨ CalWORKs
The Small Business Development
Center (SBDC) provides services for
all aspects of business start-up and
management. Businesses seeking
loans may strengthen their loan
applications by receiving SBDC
assistance to develop or improve their
business and marketing plans.
SBDC offers free or nominal cost
consulting, training, research, and
assistance in all of these areas:
¨ Business and marketing plan
development
¨ Business plan tune-ups, financial
projections and analysis
¨ Establishing a banking relationship
¨ Permitting and licensing assistance
¨ Access to a resource library
¨ Assistance in identifying
appropriate sources of financing
¨ Assistance with legal issues
¨ Assistance with government
procurement procedures
¨ Entrepreneurial seminars
Business Consulting
In a confidential relationship,
consultants offer their guidance and
expertise in all aspects of business
start-up and management.
SBDC can assist agriculture and
agriculture related businesses with
business planning and access to
venture capital.
Through SBDC’s Government
Procurement Assistance, small
businesses are assisted in obtaining
local, state and federal contracts.
Workshops, Seminars, and Training
Consultants provide specialized
services to small businesses
experiencing difficulties or requiring
specialized needs.
Business Resource Library
A library of books, publications, and
videos and a collection of Small
Business Resource Guides are
available.
International Trade
Training and counseling is provided to
help businesses secure a niche in the
international market. Programs
include workshops on marketing,
exporting, importing, and financing.
Home-Based Business Enterprise
Program
SBDC and Imperial County
Community and Economic
Development Department have created
a program that offers training and
support services to help individuals to
become business owners or to improve
operation of a current business. Loans
are available from $500 to $3,500.
Individuals who complete the program
receive a training certificate, which
may be included in a loan application
along with the business plan.
The Imperial County Department of
Social Services may permit eligible
CalWORKs participants to enroll in
the Home Based Business Enterprise
Program to fulfill work requirements
under the CalWORKs program.

FINANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 8
Neighborhood House of Calexico, Inc.
SUMMARY
Contact
Neighborhood House of
Calexico, Inc.
506 4 th St.
Calexico, CA 92231
Phone: (760) 357-6875
Fax: (760) 357-2248
nh@brawleyonline.com
Services
¨ One-on-one business
consulting for existing
and start-up businesses
¨ Information and referral
resources
¨ Workshops, seminars
and training
¨ Business Resource
Library
Related Pages
¨ Imperial County
Community and
Economic Development
Department
¨ Small Business
Development Center
Neighborhood House of Calexico, Inc.
provides business supportive services to
low-income county residents who are
current business owners or desire to
establish a new business venture. We
also provide proven basic business
strategies on both a group and
individualized setting, combined with
technical assistance needed to obtain
economic independence and self-sufficiency
is provided.
Eligibility
Loan approval guidelines are designed
to provide loans to individuals who are
incapable of obtaining loans from
traditional sources. Case management
is provided on a continuous basis to
assist businesses to grow and to obtain
additional funding.
Loan Amount
Loans of up to $2,500 may be obtained,
with a 3% fixed interest rate with a two-year
term.
Loan Purposes
Loan proceeds may be used for business
start-up costs, equipment or inventory
purchase.
Business Services
Neighborhood House provides these
services free to businesses:
¨ Business training programs
¨ Credit counseling and repair
¨ Business plan development
¨ Business forecasting and
projections
¨ Budget and cost analysis
¨ 12-month case management
¨ Follow-up services and referrals
Direct Assistance
Neighborhood House will assist
businesses in obtaining loans, grants,
permits and licenses. Businesses
may also receive assistance in
developing marketing and sales
strategies and business alliances.
Administrative Support
For a nominal fee, Neighborhood
House will provide businesses with
bookkeeping services, use of office
equipment such as fax, telephone,
and computer, and internet access
and message center services.
Meeting and sales room use is also
offered.
Referrals
Neighborhood House will assist
businesses to identify business
lending sources, tax incentives, and
employee training programs.

FINANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 9
City of Brawley
SUMMARY
Contact
City of Brawley
Community & Economic
Development Department
205 S. Imperial Avenue
Brawley, CA 92227
Phone: (760) 344-8622
Fax: (760) 351-2656
Mutual Help Housing
Program
Phone: (760) 344-8622
Services
¨ Redevelopment Area
¨ Business Revolving
Loan Program
¨ Housing (Self-Help/
Rehabilitation)
Program
¨ Foreign Trade Zone
(pending approval)
¨ Enterprise Zone
Related pages
¨ Brawley Economic
Development
Commission
¨ Brawley Chamber of
Commerce
¨ Enterprise
Community
¨ Champion
Community
¨ Manufacturing
Enhancement A read
Brawley’s government consists of a
City Manager executive with a five
person City Council, mayor ship
rotating annually among council
members. Its economic base is
agriculture, principally alfalfa and truck
crops. The domestic water source is
from the Colorado River via the All-American
Canal and the Imperial
Irrigation District.
Redevelopment Area
The City’s Redevelopment Area
includes the downtown area and
designated areas around Brawley. The
program is administered by Brawley’s
Community Redevelopment Agency.
Loans are provided to new businesses
to assist in the creation of jobs.
Champion and Enterprise
Community
The City of Brawley is a part of the
Enterprise and Champion Communities
in Census Tract 104. Incentives for
businesses that locate or expand within
this area include preference points
when applying for federal or state
funding. Work Opportunity Tax
Credits are available for employers
who hire qualified individuals.
Business Revolving Loan Program
This program is administered under the
City’s Community Development Block
Grant program. Program income is
funded to new business activity that is
eligible and meets local and national
objectives.
MEA
All of the area within the city limits of
Brawley is designated as a
Manufacturing Enhancement Area
(MEA).
This allows for state hiring tax credits
and business assistance to stimulate job
creation. Businesses are eligible to
earn up to $30,000 in state hiring tax
credits per qualified employee over a
five-year period.
Housing Programs
The Brawley Redevelopment Agency
has established a Redevelopment
Housing Set-Aside Fund to support
housing rehabilitation. Brawley also
utilizes CDBG funds for housing
rehabilitation loans. Some programs
utilized by the City are the following:
Section 504 Single-Family Home
Rehabilitation Program:
This program provides low interest
loans directly to homeowners. Grants
may also be available for qualified
applicants.
Section 523 Mutual Self-Help Housing
Program:
This program makes homes affordable
by enabling future homeowners to help
construct their homes themselves.
Qualified applicants complete 65% of
the work required to build their new
homes.
Colonia Funds:
A portion of the City has been
designated as a Colonia by the County
and State. A Colonia is defined as an
area within 200 miles of an
international border that is in need of
housing and infrastructure. CDBG
grant funds can be used for housing
rehabilitation, street and infrastructure
improvements.

FINANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 10
Brawley Economic Development Commission
SUMMARY
Contact
Brawley Economic
Development
Commission
204 S. Imperial Avenue
P.O. Box 218
Brawley, CA 92227
Phone: (760) 344-3160
Fax: (760) 344-7611
www.brawleyca.net
www.buildhere.org
Services
¨ Cooperative
marketing and
advertising
Related pages
¨ City of Brawley
¨ Brawley Chamber of
Commerce
¨ MEA
¨ Foreign Trade Zone
¨ Champion
Community
¨ Enterprise
Community
¨ Enterprise Zone
The Brawley Economic Development
Commission (BEDC) is a voluntary
association of individuals and
organizations, both public and private,
having common interests in the area of
diversifying, stabilizing and expanding
the economic base of the City of
Brawley and its sphere of influence.
The purpose of the BEDC is to create
and retain employment opportunities by
crafting economic development plans,
facilitating communications and
providing marketing materials and
programs to stimulate economic
activity in the Brawley area.
The Commission’s activities include
legislative advocacy and action, in turn
promoting business opportunities in
Brawley. One successful measure of
their efforts is evidenced with the
recent designation of a Manufacturing
Enhancement Area by the California
Technology, Trade and Commerce
Agency. The BEDC initially
developed the legislation, with
cooperation and assistance from the
City of Brawley and Senator David
Kelley, the “Brawley Bill” became law
in January 1998. The BEDC is
currently seeking to change Brawley’s
MEA designation to an Enterprise
Zone.
BEDC Activities
¨ Membership and active
participation in, valley wide
economic development meetings
and committees, including: the
Overall Economic Development
Commission, SDSU Expansion
Committee, Main Street Steering
Committee, CA Center for Border
and Regional Economic Studies.
¨ Participation in the North end
County Task Force.
¨ Preparation of proposals and
information packages to provide a
professional and timely response to
requests by businesses that may
wish to relocate or expand.
¨ Marketing outreach, including
attendance and participation in
various trade shows aimed at
recruiting new industry to Brawley.
¨ Focus groups to develop strategies
to improve the economic
development climate in the city.
Such groups include the North
County Task Force and SDSU.
¨ User friendly website along with an
innovative marketing CD-ROM
that interactively provides
information developers need for
relocation.

FINANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 11
City of Calexico
SUMMARY
Contact
City of Calexico
608 Heber Avenue
Calexico, CA 92231
Phone: (760) 768-2177
Fax: (760) 357-3831
Services
¨ International Trade
¨ Housing
¨ Education
¨ Enterprise Zone
¨ Entertainment/Recrea
tion
¨ Programs and
incentives in
Calexico
Related pages
¨ Calexico Chamber of
Commerce
¨ Enterprise Zone
¨ Manufacturing
Enhancement Area
¨ Financing Programs
International Trade
With easy access to U.S. and Pacific
Rim transportation routes, Calexico
offers unparalleled opportunity for
international and domestic trade.
Calexico is located just across the
border from Mexicali, the state capital
of Baja California, Mexico. Each year
more than 30 million vehicles and
pedestrians cross into the U.S. through
Calexico’s two Ports-of-Entry. The
most recently constructed East
Calexico Port-of-Entry provides an
improved link to major trucking routes.
The Calexico International Airport
provides private international charter
flight services.
Housing
Calexico offers some of California’s
best opportunities for home ownership.
A booming construction industry has
provided an abundance of beautiful
high-quality, yet affordable housing in
well-designed, conveniently located
neighborhoods.
Education
Calexico public and private schools
offer nationally recognized, award-winning
primary and secondary
educational programs. Post-secondary
education is available at the Calexico
Campus of San Diego State University,
and at Imperial Valley College. More
than 20 local agencies and programs
provide vocational training that can be
tailored to the specific needs of
potential employers.
Enterprise Zone and Manufacturing
Enhancement Area
¨ Tax credits on new manufacturing
equipment
¨ Up to $19,000 more in tax credits
for each qualified employee hired
¨ Credits carried for up to 15 years
¨ Fast-track building permits
¨ Waiver of fees for building,
electrical and plumbing permits
¨ Rebate of business license and
refuse collection fees
Entertainment and Recreation
¨ 10-plex movie theater
¨ Excellent restaurants
¨ Variety of shops
¨ Skate Park
¨ Adjacent to Mexicali, city of
900,000
¨ Imperial Sand Dunes (40 miles)
¨ Colorado River (60 miles)


FINANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 12
City of Calipatria
SUMMARY
Contact
City of Calipatria
125 North Park Avenue
P.O. Box 167
Calipatria, CA 92233
Phone: (760) 348-4141
Fax: (760) 348-7035
Services
¨ CDBG
¨ Revolving Business
Loan
¨ Redevelopment Area
and Agency
Related pages
¨ Calipatria Chamber
of Commerce
¨ Financing Programs
¨ Economic
Development
Department
The City of Calipatria has been
designated by the US Department of
Agriculture as an Enterprise and
Champion Community, which entitles
businesses locating in Calipatria to
receive federal tax credits and low
interest loans. An application for
Foreign Trade Zone (FTZ) status is
pending approval. Locating in an FTZ
will expedite foreign commerce
through small business revolving loan
fund and micro enterprise programs.
With the expected completion of the
Airport Industrial Park, and the access
to the Municipal Airport for air freight
businesses will have options for
transportation by air, Union Pacific
Rail, and Highway 111.
Business Loans
The City of Calipatria utilizes CDBG
funds it has been awarded to help
create jobs in the local economy.
CDBG funds are used for business
loans for a variety of uses from
working capital to land acquisition.
Even though the CDBG funds do not
provide all the financing needed, it can
help with expansion and ensure that
businesses do not have to close or
move if faced with temporary
downturns in the local economy.
Calipatria Redevelopment Agency
The Calipatria Redevelopment Agency
uses CDBG funds for loans up to
$100,000 As with CDBG funds, the
majority of the funding would have to
come from a private lending source.
Revolving Business Loan Fund
(RLF)
The City of Calipatria has established
a Revolving Business Loan Fund that
will help maximize the number of jobs
available by ‘recycling’ loans over and
over through loan repayments.
Although the loans can provide not
more than half of total project funding,
they assist in covering any financial
gaps. Guidelines provide for a
minimum loan amount of $25,000 and
a maximum of $200,000.
Loans are available for:
¨ Working Capital
¨ Construction
¨ Business Start-Up
¨ Land Acquisition
¨ Equipment Purchases and
Modernization
¨ Business Expansion
¨ Refinancing of Other Debts
Area Incentives
¨ Affordable Housing
¨ Excellent Restaurants
¨ Excellent Business collaboration
¨ City Customer Service
¨ Affordable commercial and
industrial land
FINANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 13
City of El Centro
SUMMARY
Contact
El Centro Redevelopment
Agency
1275 Main Street
El Centro, CA 92243
Phone: (760) 337-4543
Fax: (760) 352-4867
Services
¨ Redevelopment Area
¨ Commercial and
Industrial Revolving
Loan Fund Program
¨ Façade Improvement
¨ Promotion of
commercial and
industrial land
¨ Centerpoint Industrial
Park
¨ First Time Home
Buyer Program
¨ Promote the
development of
projects that are in
scale with the
character of the El
Centro community.
¨ Professional staff
assistance
Related pages
¨ El Centro Chamber
of Commerce
¨ Financing Program
section
The City of El Centro is the center of
one of Southern California’s most
promising new commercial and
industrial regions and just 15 minutes
from the international industrial
complexes in Mexicali, Baja California.
There are two international border
crossings nearby for commercial and
noncommercial vehicles.
The Redevelopment Agency is
responsible for economic development
and redevelopment activities
throughout the City and
Redevelopment Areas. The RDA is the
primary liaison with business owners,
property owners, developers and local
business oriented organizations to aid
in the attraction and retention of
businesses
Approved Redevelopment Area
Businesses that locate within any of the
Approved Redevelopment Areas
receive priority consideration for loans
and are eligible for assistance under the
Façade Improvement program. .
Centerpoint Industrial Park
This industrial park is within the
Approved Redevelopment Area. It lies
at the eastern edge of the incorporated
city limits of the City of El Centro.
The industrial park consists of
approximately 80 acres, with 36 lots.
The park is fully served by all pertinent
city services (water, electric, curbs, gas,
cable, drainage, gutters, sidewalks,
paved street, street lighting). The
zoning allows for a wide range of
manufacturing, fabrication, industrial
and selected business uses.
Façade Improvement Program
The purpose of this program is to
encourage rehabilitation of commercial
storefronts in the downtown area and
any commercial property located within
the boundaries of the Redevelopment
Area.
Commercial and Industrial
Revolving Loan Fund (RLF)
The primary goal of the RLF program
is to assist and facilitate commercial
and industrial revitalization through
gap financing. This is intended to aid
in the development and expansion of
commercial and industrial businesses to
generate employment opportunities,
stimulate private reinvestment, and
improve those areas experiencing
economic decline. The maximum loan
amount of RLF funds to be loaned to a
single business will be $200,000. The
goal for the RLF funds is to be matched
on a 2:1 dollar basis with private funds.
Funds may be used for construction,
land acquisition, equipment and
working capital.
First Time Home Buyer Program
This program is intended to offer first-time
homebuyer down payment
assistance to all qualified residents of
the City for purchase of any existing or
qualifying new home through the
Redevelopment Agency program.
The Redevelopment Agency Set-A-Side
Fund provides funding loans to
enable households earning up to 120%
of median income to enable to qualify
for permanent financing of single-family
homes. The down-payment
assistance may be up to $20,000, which
may be repaid in twenty years with
interest only during the first five years.

FINANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 14
City of Holtville
SUMMARY
Contact
City of Holtville
121 West 5 th Street
Holtville, CA 92250
Phone: (760) 356-2912
Fax: (760) 356-1863
hltvcity@icoe.k12.ca.us
Services
¨ Redevelopment Area
¨ Community
Development Block
Grants
¨ Façade Improvement
¨ Business Expansion
Loans
¨ Utility Tax Cap
Related pages
¨ Holtville Chamber of
Commerce
¨ Financing Programs
section
Redevelopment Authority
Holtville’s Redevelopment Area
encompasses the entire City of
Holtville.
Community Development Block
Grants
The City offers low-interest loans to
eligible commercial and industrial
concerns to encourage job creation.
Business Expansion Loan Fund
To encourage business locations and
expansion, the City offers citywide
low-interest loans Business and
Industry Loan Guarantee Program in
commercial and industrial areas.
Utility Tax Ceiling
The City has established a utility tax
ceiling of $338,590 per year and any
increase is tied to the Consumer Price
Index.
Façade Improvement
The Redevelopment Agency offers
matching funds up to 50% or $5,000 to
local businesses for Façade
Improvement

Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 15
City of Imperial
SUMMARY
Contacts
City of Imperial
420 S. Imperial Avenue
Imperial, CA 92251
Phone: (760) 355-1152
Fax: (760) 355-4718
publicworksdirector@
cityofimperial.org
Services
¨ CDBG Grant
Program
¨ Redevelopment
Agency
Related pages
¨ Imperial Chamber of
Commerce
¨ Financing Programs
section
City Community Development
Block Grant Program
The City of Imperial intends to apply
for CDBG economic development
funds through the State Small Cities
CDBG Program. This program will
provide below market rate loans to
new or expanding businesses that
create or retain jobs for lower income
households.
Loan funds can be used for such items
as working capital, machinery and
equipment, land acquisition, and
refinancing of certain types of existing
debt.
Loan terms can be up to fifteen years.
At least one job for target income
group households must be created for
each $35,000 in CDBG loan funds
received.
Redevelopment Agency
The City’s Redevelopment Agency
offers the following types of
incentives for new businesses wanting
to expand:
¨ Land Cost Write Down – land
purchased by the Agency and
resold to the business at a
discounted rate,
¨ Construction of public
infrastructure (water and sewer) in
support of the business,
¨ Payment of certain fees; such as
school impact fees on behalf of the
new or expanding business,
¨ Assistance with demolition and
removal of blighted buildings
¨ Assistance with site assemblage
through merger of substandard
parcels.
Redevelopment Agency incentives
will vary for each business according
to the size of the project and jobs
created.

FINANCIAL & TECHNICAL ASSISTANCE
Business Guide to the Imperial County
Imperial County Community and Economic Development Department May 2002 page 16
City of Westmorland
SUMMARY
Contacts
City of Westmorland
PO Box 699
355 South Center Street
Westmorland, CA 92281
(760) 344-3411
The Holt Group, Inc.
1561 South Fourth Street
El Centro, CA 92243
(760) 337-3883
Services
¨ Low Interest Loans
¨ Loan Application
Assistance
Related pages
¨ Financing Programs
section
Business Loan Assistance and
Revolving Loan Account Program
The City of Westmorland utilizes the
California State Department of
Housing and Community
Development Community
Development Block Grant (CDBG)
program funds for a Business Loan
Assistance and Revolving Loan
Account Program.
Although the loans may not provide
for all financing, they assist in
covering any financial gaps. The
Program guidelines provide a
minimum loan amount of $10,000 and
maximum of $200,000.
Loan Types
Working Capital/Lines of Credit
Loans may help with cash-flow
deficiencies in times of economic
downturn.
Construction/Acquisition Loans assist
in revitalizing existing buildings,
expansion of business and new
buildings.
Equipment purchase and
Modernization Loans are available for
inventory revitalization and various
equipment renovations.
Interest
The interest rates available usually
range between 4% and 7% depending
upon credit worthiness.
Eligibility
The business must be located within
the City of Westmorland and show a
necessary and appropriate need for
assistance. The business must also
offer half of its new employment
positions to individuals from the
Targeted Income Group, that is, those
who live in households that earn 80%
or less of the median household
income for Imperial County.
Redevelopment Agency
The City’s Redevelopment Agency
offers the following incentives:
¨ Land Cost Write Down (land
purchased by the Agency and
resold to the business at a
discounted rate).
¨ Supports businesses by aiding in
the construction of infrastructure.
¨ Payment of certain impact fees on
behalf of the business
¨ Assistance with demolition and
removal of blighted buildings
¨ Assistance with site assemblage
through lot mergers of substandard
parcels.
The incentives listed above may vary
depending upon the size and scope of
the business.




No comments:

Post a Comment