The Board of County Commissioners (BCC), through the Department of Economic Sustainability (DES) has assisted in securing $74,780 from the Small Business Administration (SBA) 504 Loan Program for European Cabinets & Design, LLC (ECD). The company is acquiring and remodeling a new facility at 4050 Westgate Avenue in unincorporated West Palm Beach.
According to an analysis conducted by DES, this project will have an economic impact of more than $400,000 over a five-year period. Palm Beach County worked closely with the company to complete its financing package.
SBA 504 loan programs provide for economic development and the growth of jobs and small businesses.
ECD’s new facility will be located within the boundaries of the Westgate/Belvedere Homes Community Redevelopment Agency, a district established by the BCC in 1988 to revitalize businesses and address blighted conditions in the neighborhood.
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Government
