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News & Publications
NYCEDC Updates  
CRC/Nimble: Small Issuance Bond Program 
July 01, 2009

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Nimble: Small Issuance Bond Program (“Nimble”) enables New York City Capital Resource Corporation (“CRC") to issue tax-exempt industrial development bonds as an alternative to traditional bank loans to finance manufacturing equipment and real estate projects.  The program is designed to provide cost effective tax-exempt financing for smaller projects, including equipment only needs in the in the $2 million to $5 million range.  Nimble Bonds leverage recent Stimulus Act changes that broaden the definition of manufacturing and loosen requirements on the types of operations that may be funded, while relaxing restrictions on the deductibility of interest expenses to encourage commercial banks to purchase and carry this product.

Learn more about this program.

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