Casinos that are built with Devco loans can make a striking difference in a community, and they make it very easy for communities to ride from their own ashes. Most of these communities were once very nice, but they are now home to a lot of buildings and areas that are not developed. They need to be developed again into something new, but these cities do not have the funds to start building right away. They know that they need to make a change, but the only way to make a change is with help from Devco. The Press of Atlantic City reported on the loans that Devco offers and the unique way in which they offer each loan.
The loans that are given by Devco to cities like New Brunswick come with a development plan for the city. The city will learn exactly what must be done to help complete the plan, and there will be projections for the money that can be made from he project. One project that is completed in a certain neighborhood could bring millions in revenue, jobs and more people. The people who get jobs will also have better places to live, and they will have an opportunity to invest back in their community by shopping and paying rent.
Devco helps every community use their loan money in the right way, and Devco asks every community to consider how much development can on in one place. Private businesses will be opened because of the appearance of a hotel or casino, and every local business will be supported by the hotel or casino. There is a lot of money to be made on these projects, and a city that was once on the brink of failure can instantly create a tax base with Devco’s help.
Full story by Press of Atlantic City.