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Article: Bergen County's EDC provides low-cost financing.

Article from:
Real Estate Weekly
Article date:
March 15, 2000
Copyright

The Bergen County Economic Development Corporation (BCEDC), based in Hackensack, New Jersey, has announced the availability of low-cost financing through a partnership with the New Jersey Economic Development Authority (NJEDA).

Bergen County launched the Bond Partnership Program in July, 1999. "On average, Bergen County businesses will save $350,000 over the life of a 20-year loan secured through our Bergen County Bond Partnership Program," BCEDC chairman Joseph Simunovich said. This is the result of the reduced fees negotiated by the BCEDC with the six banks involved - Chase Manhattan Bank, Commerce Bank/North, First Union, Fleet Bank/New Jersey, PNC, and Summit ...

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