Syracuse Economic Development Corporation Community Impact Loan
SEDCO loan program for Syracuse businesses and community projects that create jobs and neighborhood economic impact.
About this program
The Syracuse Economic Development Corporation Community Impact Loan provides financing for projects in the City of Syracuse that support economic development, business growth, and community impact. The program can assist borrowers with larger project financing needs and is designed to support job creation, neighborhood revitalization, and investment in Syracuse. Eligible uses may include fixed assets, renovations, working capital, and other approved project costs, subject to SEDCO review and underwriting.
Eligibility
Businesses, developers, or eligible project sponsors with City of Syracuse projects that create economic or community impact and can meet SEDCO underwriting requirements.
Requirements
- Propose an eligible project in the City of Syracuse
- Demonstrate community or economic impact such as job creation, business growth, or neighborhood revitalization
- Use loan proceeds for approved project costs