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Impact
Since 1994, the Kingston Local Development Corporation (KLDC) has played a vital role in strengthening Kingston’s economy by supporting local businesses and encouraging investment. Through accessible funding and strategic partnerships, KLDC works to create lasting opportunities that align with our mission of fostering economic sustainability and improving quality of life for all who live and work in the city.
145
Businesses Supported
156
Loans Approved
$10M
in Funding Distributed
Mission
Our primary purpose is to drive investment in the City of Kingston, fostering economic sustainability and enhancing the quality of life for its residents.
Loan Programs for Small Businesses in Kingston, NY
Our loan programs support business growth in Kingston by expanding industrial, manufacturing, and commercial capacity while fostering job creation and retention.
Revolving Loan Program
Low–interest “gap” loans (up to 25% of the total project cost) to businesses that have secured partial financing through a bank as well as their own monies
Micro-Enterprise Loan Program
Low-interest loans of up to $7,500 to focus on capital assistance for small business entrepreneurs
Commercial Building Facade Loan
Loans up to $35,000 to mitigate blight conditions of the front-facing part of commercial buildings