|
Fully-improved
industrial properties are available for purchase at low or
interest-free financing. In order to qualify, a business must
employ a minimum of 25 employees and have a capital investment of
$300,000 or more, including land and plant.
How
it Works
-
Employ
25 or more employees, but less than 50, and receive
low-interest financing at one point below the current federal
prime financing rate at the time of purchase for a term of 5
years
-
Employ
50 or more employees, but less than 75, and receive financing
at two points below prime for a term of 10 years
-
Employ
75 or more employees and receive interest-free financing for a
term of 15 years
Note
This incentive applies only to the properties owned by the County of Yuba in the eight
Yuba County Airport Industrial Parks.
|