Greater Jamaica Local Development Corporation, Inc.

Greater Jamaica Local Development Corporation, Inc.
By   Guideye
Category: General

www.gjdc.org

Their Mission Statement:

“PURPOSE. Greater Jamaica Development Corporation is in the community building business. Our purpose is to transform downtown Jamaica into a regional sub-center for the New York Metropolitan
area -- a dynamic center of commerce, business and government services, and cultural and higher education opportunities to serve the 650,000 people residing in the downtown’s market area.”


Focus:

  • Downtown Jamaica, Queens, Area
  • Start-up businesses
  • Existing Businesses

Requirements:

  • Projections
  • Viable business idea
  • Other Loan criteria

Loan:

  • Loan Size: $10,000 to $300,000
  • Interest Rate: pegged to prime, below market
  • Application Fee: $100
  • Commitment Fee: 1%

Other Services:

  • Workforce Development
  • BID
  • Empire Zone