U.S. Chamber of Commerce Endorses Resilience RLF Act of 2019
The U.S. Chamber of Commerce sent a letter to House Transportation Committee Chairman DeFazio and Ranking Member Graves signaling its support for H.R. 3779, the Resilience Revolving Loan Fund Act of 2019.
GoFundMe Organizers Plan to Start RLF for Local Businesses in Carbondale, IL
According to Carbondale Spring organizers Nick Smaligo and Clare Killman, the $45,000 used to purchase Fat Patties would be paid back to a revolving loan fund that will be used to fund other businesses in Carbondale that will adopt this ownership model.
St. Pete Beach, FL Plans on State RLF for Water Treatment
The city plans to borrow about $2 million from the state's Revolving Loan Fund Program, so it can undertake a $16.6 million sewer system upgrade, which will increase its sewer system capacity and end the three-year building moratorium.
Chautauqua County, NY IDA Approves RLF for Condominium Project
The Jamestown Post-Journal is reporting that the Chautauqua County Industrial Development Agency has approved a $450,000 Al Tech Revolving Loan Fund for a proposed condominium project in Mayville. The loan is being given to the project at 4% interest and will be paid back within 20 years.
New RLF Could Bring Investment to MN
The Waukesha County Center for Growth is on the verge of establishing the $2 million Generating Resources and Opportunities in Waukesha, or GROW, revolving loan fund. The center is finalizing an agreement with the Milwaukee Economic Development Corp., which will administer the fund.
Financing for Sewer Plant in John Day, OR Top $13M
The city of John Day hopes to line up about $13.4 million in total financing by next fall for construction of a new sewage treatment plant. Green identified five funding sources that include a combination of grants and loans from state and federal sources.
90K RLF Keeps OU's IC Running
The Ohio Development Services Agency Economic Development Revolving Loan Fund will allow the IC and LIGHTS to continue to offer community members one-on-one, hands-on product design and equipment training. The cost-free 3D design, scanning and printing training is open to the public.
EDA Loans $57K to Keep Convenience Store in Business
A neighborhood convenience store that boasts Brunswick's biggest burger will remain on its corner after the Brunswick and Glynn County Economic Development Authority voted to lend its owner $57,000 from its revolving loan fund. The owner, Rosby, will have 10 years to repay the loan at a 3 percent interest rate.
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