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Financing & Incentives
NYC Capital Resource Corporation (CRC)  
The New York City Capital Resource Corporation (CRC) is a local development corporation administered by NYCEDC to encourage community and economic development and job creation and retention throughout New York City.
The New York City Capital Resource Corporation (CRC) is a local development corporation administered by New York City Economic Development Corporation. The mission of the CRC is to encourage community and economic development and job creation and retention throughout New York City by providing lower-cost financing programs to qualified not-for-profit institutions and manufacturing, industrial, and other businesses for their eligible capital projects.

On September 12, 2006 the Board of Directors of the New York City Capital Resource Corporation unanimously voted to adopt policies that will result in more open and efficient practices and procedures for reviewing, authorizing and providing CRC benefits. Many of these policies have been informally implemented by the CRC since its formation in January 2006, but the adoption of this resolution codifies these practices.

Review the latest NYCCRC financial statements and other related public documents.

DEADLINES AND MEETING DATES
CRC Monthly Notice of Hearing Deadlines CRC Monthly Application Deadline CRC Public Hearings CRC Board of Directors Meetings
09/23/2009 10/02/2009 11/05/2009 11/10/2009
10/21/2009 11/06/2009 12/09/2009 12/15/2009
11/23/2009 12/04/2009 01/07/2010 01/12/2010
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PUBLIC HEARING INFORMATION FORM
CRC Applicants 
If seeking to public notice a project for New York City Capital Resource Corporation (the "Corporation")  benefits, please complete our Public Hearing Information Form. Upon submission, Corporation Staff will review and follow up with your business contact as submitted in the form.

In order to make a specific hearing, this form must be submitted by the deadlines listed in the chart above. Once the Public Hearing Information Form submission is accepted and the project is deemed eligible, an application must be submitted to Corporation Staff four (4) weeks prior to the Board meeting at which action is sought.
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PUBLIC HEARING NOTICE & AGENDA FOR BOARD OF DIRECTORS MEETING
CRC currently has the following Public Hearings scheduled:
Public Hearing Notice for Dec 9, 2009 (18 KB)

For more information about the agenda, time, and location of the next NYCCRC Board Meeting, please visit our NYCCRC Board Meetings page.

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PUBLIC HEARING PROJECTS AND PROJECT MATERIALS

The projects scheduled for presentation at NYCIDA's public hearing on November 5th, 2009 include:  

4U Services, Inc. d/b/a Stellar Services (431 KB)

Please be advised that projects and their related materials may be removed from the hearing agenda prior to the hearing date.  Public Hearing Information packages for November's hearing will be available for pick-up at noon on Thursday, October 29 at:

New York City Economic Development Corporation
110 William Street, 6th Floor
New York, NY 10038


If you need additional assistance regarding public hearing and related project materials, please contact Frances Tufano at publichearings@nycedc.com.
 

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CRC PROGRAMS
Find more details about CRC programs and how they can help your business or not-for-profit organization.

Loan Enhanced Assistance Program (LEAP)
CRC offers a new means for not-for-profits to obtain lower-cost, tax-exempt financing. Through its Loan Enhanced Assistance Program (LEAP), CRC can make direct loans to not-for-profits that are expanding or improving services in New York City.

Nimble: Small Issuance Bond Program
A direct purchase bond program that reduces borrowing costs for companies seeking to purchase machinery and equipment or purchase and/or improve real property.

Recover NYC Program
The Recover NYC Program provides financial assistance to private-sector for-profit companies seeking lower-cost financing for shovel-ready construction projects.

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CONTACT INFORMATION

Staff is available to assist borrowers in assessing the cost-effectiveness of financing proposed projects through CRC.

Contact one of our representatives via email at NYCCRC@nycedc.com.

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RELATED LINKS

Additional Financing Services
Find out more about business advisory and support programs that can help your business.

 
INDUSTRY OVERVIEWS

Manufacturing & Industrial Industry in NYC
Find information and resources related to our growing Manufacturing & Industrial community.

Not-For-Profit
The not-for-profit sector plays a vital role in maintaining and promoting the vibrancy and health of New York’s communities.

Bioscience in NYC
Find information and resources related to our growing Bioscience community.

More Industry Overviews >