Loan Programs: Town Of Union Business Assistance (TUBA) Loan Program

Central Business District (CDB) Loan Program

Commercial Facade Loan Program | Section 108 Financing

Site Preparation Loan Program | (E³) Loan Program | Microenterprise Loan

Other Incentives: Grand Opening/Ribbon Cutting Assistance | Empire Zone (EZ) Incentives

Historically Underutilized Business Zone (HUBZone) Program

Zone Equivalent Area (ZEA) Incentives

485-e Town of Union Property Tax Abatement Program

485-b Town of Union Business Investment Exemption Zone

Economic Development Maps

Local Development Corporation

Section 108 Financing

Financial assistance may be available in the form of a Section 108 loan for eligible economic development projects. Maximum loan amount will be based on the town’s annual allotment under the Community Development Block Grant (CDBG) program funds. The term of the loan may be for as long as 20 years. The interest rate on the loan typically does not exceed the usual Treasury borrowing rate by more than a small additional basis point spread, depending on the maturity.