Equipment Leasing and Financing

Organization:

Bladen's Bloomin' Agri-Industrial, Inc.

Amount:

$175,000.00

Program Area:

Community Assistance Initiative

County of Applicant:

Bladen

Year:

2010

Description:

This grant to Bladen’s Bloomin’ Agri-Industrial (BBAI) will assist with the expansion of an existing equipment leasing program to help create or expand businesses. BBAI will finance the equipment needed by a company and lease it to that company at fair market value. As payments are received, BBAI will reinvest those funds in other projects. The goal of the project is to assist at least 8 businesses therefore creating 100 jobs and over $2 million in tax base over the next 3 years.

Contact:

Mr. Chuck Heustess218 A Aviation ParkwayElizabethtown, North Carolina 28337(910) 645-2292

Areas Served:

Bladen

Any project more than a couple of years old may not reflect current Board priorities.
Please contact a staff member with any questions.