Missouri DNR Refinances State Revolving Fund Bonds
The Missouri Department of Natural Resources and the Environmental Improvement and Energy Resources Authority together are refinancing Clean Water State Revolving Fund and Drinking Water State Revolving Fund bonds. The bonds have a total principal value of $100.76 million, and the transactions will generate more than $5.1 million in savings for the two funding programs.
USDA Offers Revolving Loan Funding
United States Department of Agriculture Deputy Under Secretary for Rural Development Bette Brand recently announced that USDA is seeking applications for funding to establish revolving loan programs to support rural businesses and community development projects.
U.S. Department of Commerce Invests $624K to Support Disaster Resiliency Efforts Near Kenai, AK
The U.S. Department of Commerce's Economic Development Administration (EDA) is awarding a $624,000 grant to the Kenai Peninsula Economic Development District, Kenai, Alaska, to increase the economic resilience of the Kenai Peninsula to future disasters.
Spotlight: EDA's Revolving Loan Fund Program Helps Bakers Move from Kitchen to Front Office
When the Food Network visited Chico, California's Upper Crust Bakery and Eatery for a 2019 episode of its popular series "Diners, Drive-Ins and Dives," viewers got a taste of some of the signature dishes. Upper Crust's recent notoriety was no accident: it is the result of the hard work and talent of a husband and wife team of restaurateurs, who have also received support from EDA's Revolving Loan Fund (RLF) program.
NJEDA Program to Provide Low-Interest Loans of up to $5M for Brownfield Projects
The board of the New Jersey Economic Development Authority approved the creation of a Brownfields Loan Program that will make low-interest loans of up to $5 million available to brownfield redevelopment projects for all aspects of brownfield revitalization.
Rio Rancho, NM Plans Rehabilitation of Well 9
Rio Rancho, New Mexico has received a 25-year $15.15 million loan through the New Mexico Finance Authority Drinking Water Revolving Loan Fund for phases 2 and 3 in the rehabilitation of a city well. Of the loan, almost $469,000 can be forgiven and the rest will be repaid with revenue from water utility.
Pennsylvania Announces Financing to Support 7 Agricultural Projects
Gov. Tom Wolf announced the approval of seven agricultural projects being funded through the First Industries Fund (FIF). These projects, located in three counties, will help existing farms expand their operations, bring in additional revenue, and transition agribusinesses to the next generation of farmers.
Blue Ridge Energy Approves $222K In USDA REDLG Funds For Fire Department
Residents of the Oak Hill community will benefit from a fire department expansion for Little River Fire Department made possible by a $222,000 Rural Economic Development Loan.
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