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City of Kalamazoo Economic Initiative Fund
Low-interest gap financing for eligible Kalamazoo business projects.
About this program
The Economic Initiative Fund is a revolving loan fund administered by the Kalamazoo Economic Development Corporation to provide low-interest debt financing for business projects that need gap funding and demonstrate community benefit.
Eligibility
Eligible business projects located in the City of Kalamazoo that create or retain jobs, expand or preserve the tax base, leverage private funds, and meet city requirements.
Requirements
- Contact city economic development staff before applying
- Provide project budget, private financing, owner equity, job impact, tax base impact, and community benefit information
- Remain current on taxes, fees, charges, and city loan obligations