Taking risks in small businesses is what it's all about for Baltimore County's low-interest loan fund for small businesses in older communities, but the return on investment is worth it. David Iannucci, the director of the county's Department of Economic Development, said the county made 29 such loans for $2.4 million last year. But he hopes to increase substantially that number during the next few years.
[...] look at sector investments that seem poised to do well in the future. In exchange for your investment/loan, the bond issuer pays an agreed-upon interest rate for a set period.
By Kevin Wingert rep3@wyomingnews.com
The county will unveil a $300,000 loan program this morning aimed at beautifying the storefronts of businesses in four revitalization districts from Brooklyn Park to Annapolis. The Business Corridor Investment Loan Program offers up to $35,000 in interest-free loans for business owners who improve landscaping, install new signs or update interiors with new flooring, painting or plumbing.
Amid declining net interest margins and rising loan loss provisions, community banks are actively seeking strategies to supplement core operating earnings and to increase return on equity. Wholesale growth strategies offer potential solutions for a challenging operating environment, but these programs must be designed and managed with care. A wholesale growth strategy is a coordinated borrowing and investment program with the goal of achieving a positive, stable net interest spread over time. These arrangements are commonly referred to as leverage strategies. Properly structured, leverage strategies can provide a number of benefits to a bank's financial performance. These are: 1. increase return on equity, 2. improve efficiency ratios, and 3. manage interest rate risk. While leverage st...
Details of the states $2 million loan to the Mid-Atlantic Technology, Research & Innovation Center, also known as MATRIC, have emerged. The loan from the West Virginia Jobs Investment Trust the states venture capital fund closed April 27 and was announced earlier this month. MATRIC is headquartered at the South Charleston Technical Center. Established in 1994, the organization has been expanding rapidly, seeking to hire as many Dow Chemical researchers as possible as Dow downsizes here. MATRIC Chief Executive Officer Keith Pauley said last month that the organization has created 150 high-wage jobs and spawned nine businesses. Andy Zulauf, executive director of the Jobs Investment Trust, said the seven-year loan carries a 5 percent interest rate for the first two years. In the final fi...
WILMINGTON -- The state will provide a total of $5.2 million in assistance to a new aircraft maintenance company that plans to hire up to 430 people within three years at Wilmington Air Park, Lt. Gov. Lee Fisher said Tuesday, March 10. The state support includes a 10-year, $3.8 million tax credit, training grants and a low-interest loan to complement a $5.9 million investment by Airborne Maintenance and Engineering Services Inc., Fisher announced at a meeting of a task force planning the region's economic redevelopment.
The Jeannette Municipal Authority will receive $4.12 million in state financing to upgrade sewer service. A low-interest loan from the Pennsylvania Infrastructure Investment Authority, or PennVEST, will cover the cost of replacing 4,000 feet of sanitary sewer, along with the trenchless lining of 11,300 feet of sanitary sewers.
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