BEZ / BIEE
Bronx Overall Economic Development Corporation (BOEDC)
The Bronx overall Economic Development Corporation (BOEDC) and The Bronx Borough President’s Office established the Bronx Initiative for Energy and the Environment (BIEE), with the goal of demonstrating pathways to a more efficient and greener Bronx.
The Bronx Empowerment Zone Environmental Revolving Loan Fund is designed to promote the use of energy efficient and environmental technologies in the Bronx Empowerment Zone (BEZ).
For profit entities, which includes service, retail and manufacturing businesses operating in the BEZ; non-profit organizations located in the BEZ; and housing corporations developing or operating housing in the BEZ.
Implementation of energy-efficient measures, including
New technology to reduce air pollution and/or cause energy savings
Term of Loan
Up to 7 years, contingent upon amount of loan
Rate of Loan
2% of loan amount.
Business Owner’s Equity Participation
10% for existing businesses; 25% for start-ups
Liens on equipment and machinery; lease assignments; and other corporate guarantees
Will vary depending upon project
Principals, Corporations, etc.
Application fee: $250 (non-refundable)