To safeguard Floridians against the impacts of sea level rise and extreme weather, the Center for American Progress and the CLEO Institute recommend that state leaders create a "Florida Future Fund." This state fund would use a blend of public and private investment to support innovative transportation and energy infrastructure projects and flood protections.

States need a stable source of funding to mitigate flood risk before waters rise, and a state revolving loan fund program would provide just that. FEMA and states would contribute money to set up loan funds, creating a cost-sharing partnership. States would then administer the funds through low-interest loans.

Backed by money from the city of Milwaukee, Northwestern Mutual and the Milwaukee Institute, The Blueprint is tailored for startups in the areas of technology, e-commerce and advanced manufacturing. The Milwaukee's Legacy Redevelopment Corp. will provide participants access to capital of up to $200,000 through a newly established revolving loan fund.

The City of Erie recently handed out a total of $20,000 to five local small businesses. It was the first round of what has become a competitive grant program from the city. The five local small businesses get a $4,000 boost thanks to this new grant program using interest from the city's revolving loan fund.

The funds would come to the town as a grant, and subsequently be loaned to The Village after terms of repayment are coordinated between the town and the company. Hartford would be eligible to keep 50 percent of the repaid funds, possibly to be used in its municipal revolving loan fund to assist other development projects.

The project's first phase includes redevelopment of the Hotel Putnam, the adjacent former Courthouse or Pennysaver Press building and the Winslow building, as well as the cleanup and repurposing of a brownfields area on the four-acre project site.

The funds will provide a cash infusion for the organization's Revolving Loan Fund – a program that helps supplement small businesses and entrepreneurs in the region. According to the organization's estimate, the project is expected to help create 168 jobs, retain 59 jobs and spur $4.8 million in private investment.

With $120,000 in the revolving loan fund, Ton, CEDC's president, said they are seeking applications for loans of any size and for any idea, from paint to signs, furniture and equipment. "We are looking for them to use it to upgrade things, to bring their businesses up to date," Ton said.

CDFA EDA Revolving Loan Fund Webinar Series: Solutions for Revolving Loan Fund Servicing
October 16, 2018 - 2:00 PM Eastern

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This document is the 2017 Annual Report from the U.S. EPA regarding the Drinking Water State Revolving Fund. It contains recent highlights, future opportunities, infrastructure fund activity, set-asides activity, a 2017 financial statement, and success stories.

Successful RLF programs always make every attempt to craft a good loan. Some businesses, though, will inevitably struggle to repay. How your fund handles loans and borrowers during this difficult period can help minimize losses and maximize recovery. As part of the CDFA EDA RLF Best Practices Program, this webinar highlighted a variety of corrective action strategies and proactive approaches that can successfully reduce defaults. Speakers on this webinar included Amanda Peterson with Colorado Lending Source, Michelle Beecher with Rural Nevada Development Corporation, and Rachel Baldini with First state Community Loan Fund.

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