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Dear Business Owner:
We have some important news to share with you that can have a positive effect on the financial health of your business.
As the foundation of her New Economy Initiative, the Governor has committed the State of Delaware to helping businesses create and retain jobs while ensuring they remain successful in the face of increasing global competition.
To support that commitment, Citizens Bank has formed a partnership with the State of Delaware to create the Citizens Business Bank. This "first of a kind" program features the Citizens Competitiveness Fund, a $12.5 million low-interest loan program designed to make one-time investments to create and retain jobs and expand business at existing Delaware companies.
This partnership will provide companies with an attractive form of capital -- at below market rates -- while leveraging the impact of the Governor's economic stimulus policies and providing additional resources to insure continued business growth and stability. It also clearly reinforces the Citizens Bank commitment to the communities where we live and work.
The process is quite simple. Citizens Bank will consider applicants for low interest rate loans in an amount to match State-approved funding made available by the Delaware Economic Development Office (DEDO). Complete information about all the financial assistance opportunities available to you can be found online at dedo.delaware.gov. Or you can call DEDO at
302-672-6839.
There's never been a better time to invest in the success of your business than now. We invite you to learn more about how the Citizens Business Bank can help your business grow and flourish in the great economic State of Delaware .
Sincerely,
Ruth Ann Minner,
Governor
The State of Delaware
Daniel K. Fitzpatrick
President and CEO
Citizens Bank-Delaware