The Foundation's program, New Jersey Health Initiatives, was designed to support projects in New Jersey that develop new approaches to resolving the state's health care needs, focusing on the Foundation's goal areas.The purpose of this funding is to improve access to tax-free capital financing for non-hospital based providers who currently may be forced to operate inadequate or geographically isolated facilities with limited opportunities for expansion or renovation. The project leaders will work with State agencies, investment banking firms, and payers to identify new financing mechanisms, review techniques attempted in other states, and explore ways to strengthen the credit worthiness of providers. In addition, the New Jersey Health Care Facilities Financing Authority will research the operations, finances and capital needs of non-hospital providers, and develop an outreach and training program to assist them in obtaining capital financing. The primary objectives of the project are to: (1) identify non-hospital providers; (2) offer financing options to meet capital needs; and (3) provide the assistance and training to allow them to access that capital.
Amount Awarded $111,462.00
Awarded on: 4/16/1992
Time frame: 6/1/1992 - 6/30/1997
Grant Number: 20164