Business Attraction and Expansion Loan Program


This written policy is intended as a guide in making credit decisions regarding applications for business Incentive loan projects for the City of Beaumont (City). This policy is written to allow flexibility as credit needs change. It should be used as a tool to provide some consistency for project selection. Projects will be considered for funding on a case-by-case basis, until available funding is exhausted. Only those projects falling within the scope of the guidelines will be considered for funding. Depending on funding amount as provided below, successful applicants will be determined by the City Council.

The purpose of the Business Attraction Incentive Program is to provide financial assistance to support economic development, business attraction, retention and expansion goals.

The goals are structured to promote Beaumont as a positive place for quality business, promote business expansion and attraction to enhance local economic growth, and ensure that government regulations promote a favorable business climate.

This loan program is not to be equated with a loan program available through banking or financial institutions. As a public lender, the source of funds is interested as much in the social benefits as return on investment, and preservation of capital.

The return on investment to Beaumont can be attributed to the following items: increased investment in the business community, additional jobs, increased business activity, increased tax revenue and quality of life for our residents.

If you have any questions, you can reach us by email at or by phone at (951) 769-8527.