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).

Eligible Companies

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.

Eligible Uses

Implementation of energy-efficient measures, including

New technology to reduce air pollution and/or cause energy savings

Loan Amounts

Minimum $10,000

Maximum $100,000

Term of Loan

Up to 7 years, contingent upon amount of loan

Rate of Loan


Origination Fee

2% of loan amount.

Business Owner’s Equity Participation

10% for existing businesses; 25% for start-ups

Underlying Criteria

Liens on equipment and machinery; lease assignments; and other corporate guarantees


Will vary depending upon project


Principals, Corporations, etc.


Application fee: $250 (non-refundable)

BOEDC and The Bronx Borough President’s Office are committed to addressing the small business financial recovery needs of our borough.

Businesses and nonprofits interested in applying for emergency financing should contact a BOEDC representative below

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