Economic Development Corporation
Purpose of the Cheektowaga Economic Development Corporation (CEDC)
facilitate the expansion and retention of business in the Town
create employment opportunities
expand the Town of Cheektowaga’s commercial tax base
increase property and sales tax revenues for the town
CEDC provides assistance in the form of secured loans.
CEDC meets regularly to review requests for assistance and review
the status of existing loans.
CEDC was formed on June 10, 1983.
CEDC is a quasi-public local development corporation.
CEDC is a Not-For-Profit 501 (C) (3) Agency comprised of area
business and community leaders.
CEDC carries out economic development with funding from the
federal Community Block Grant Program.
could be provided for:
of fixed assets such as equipment, machinery, buildings and
other fixed assets
assets including inventory and receivables
of existing debt resulting in the creation of new jobs
business activity to be impacted must be located within the
Town of Cheektowaga
activity must involve one of the following:
Retail or Service Trades
must directly result in the creation of job opportunities
– The amount of the program financing may nor exceed $35,000
for each new job
– Sufficient to make a project feasible
No established amount; funding may be determined based on
availability of funds
and Required Reports - PDF format