Orange County Economic Development Corporations

Description

Loans may have either a 10- or 20-year term. A lender usually provides 50% of the total required amount, secured by a first mortgage, and up to 40% is provided by a U.S. Small Business Administration (SBA) Certified Development Company. The borrower contributes at least 10%. SBA guarantees the Certified Development company loan up to $1 million.

The Orange County Economic Development Corporation was formed in 2003 to better serve the economic development needs of Orange County. The County of Orange, the Orange County Port and Navigation District and the Cities of Bridge City, Orange, Pinehurst, Vidor and West Orange realized the strengths gained by pooling resources to attract quality jobs and investments to Orange County. The Corporation has since hired a full-time economic development staff and provides services to assist new and existing businesses to expand or relocate to Orange County. Our staff stands ready to assist with all your expansion or relocation needs. These services are free and will remain confidential until such time as state law will allow.

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