This program was designed for companies making fixed asset investments in Pittsfield. Loans are for construction or acquisition of fixed assets and/or working capital. The maximum loan is $100,000, but may not exceed 40% of the financing package. The project must result in the addition or retention of jobs for low- and moderate- income citizens. These loans are offered as “Companion Loans” in conjunction with other public programs and/or private financing. The program is funded by the City of Pittsfield through its Community Development Block Grant and administered by PERC.