Finance

Financial Assistance

No other county in the region can match the array of outstanding financing and other incentive programs offered here. In addition, we’ve assembled a team to help you successfully navigate through matters like site planning, permitting, program guidelines and more.

As a multi-faceted agency, the Improvement Authority provides the financing, technical assistance, pre-development, development and management expertise for all aspects of business planning, construction, and operations. The Improvement Authority also provides full support to businesses for locating, remaining and expanding in Cumberland County including facilitating the connections necessary to secure funding for job training, infrastructure, equipment and other development needs.

Project Management

The CCIA has the authority to acquire, build and finance public facilities including office buildings, educational, training centers and recreational sites. Private facilities also qualify when located in a designated Redevelopment Area.

The CCIA, Your Business Advocate

In serving the county’s economic development needs, the Cumberland County Improvement Authority and its partner agencies also help businesses identify and secure the financial support services required for their growth needs. We work with existing or new businesses and organizations in the County to help you easily navigate matters such as incentive packages, program guidelines, site location, planning, permitting, and more.

The CCIA works alongside of business decision makers to identify all the Federal, State and local programs for which you qualify and which offer you ways to minimize your capital expenditures. Incentive programs including the Grow NJ Assistance Program, area Urban Enterprise Zones, a Foreign Trade Zone at the Millville Airport, and others help the CCIA to attract new businesses and assist existing expansions.

New Jersey Economic Development Authority provides low interest loans plus value-added tax exempt bond and gap financing.

US Economic Development Authority  administers its Revolving Loan Fund (RLF) Program, which supplies small businesses and entrepreneurs with the gap financing needed to start or expand their business.

Cumberland Empowerment Zone can assist developers in direct loan funding, technical assistance and tax incentives.

USDA Rural Development forges partnerships with rural communities, funding projects that bring housing, community facilities, utilities and other services. They also provide technical assistance and financial backing for rural businesses and cooperatives to create quality jobs in rural areas.

State Urban Enterprise Zones

Locating a business here can significantly reduce development costs with eligibility for Urban Enterprise Zone benefits including:

NJ Community Capital  is a community development financial institution that provides financing and technical assistance in underserved communities.

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