The PEDP provides loans to businesses that create or retain jobs in the City of Providence or provide a service that is not currently offered in the neighborhood. For every $35,000 invested in your business, the PEDP requires that one job be produced. This is a citywide loan program that can be used to expand your business by purchasing equipment, constructing or rehabilitating your space, or providing you with working capital.
For every $35,000 invested in your business, the PEDP requires that one job be produced. Additionally, projects that relate to the sale of alcoholic beverages or are exclusively a real estate transaction must provide a substantial public benefit to the City or a neighborhood in order to qualify for a PEDP loan.
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