The I-69 Regional Development Corporation has announced that the U.S. Dept. of Agriculture has approved a grant in the amount of $50,000 toward funding a regional revolving loan fund to assist businesses in the seven county I-69 Thumb region. A local match will be provided by the regional prosperity initiative.

The First Southwest Community Fund, a 501c3 nonprofit supported by First Southwest Bank, was recently one of three awardees to receive funds through the Colorado Office of Economic Development and International Trade (OEDIT) to create a revolving loan fund.

The Akron Community Revitalization Loan Fund is fully capitalized and ready to provide financing for business development projects in distressed and urban areas of Akron, the Development of the Western Reserve announced in a news release.

Created in 1989, the Water Pollution Control Loan Fund (WPCLF) provides below-market interest rate loans for communities to improve their wastewater treatment systems. The 1 percent interest rate on the $696,000 loan will save the village an estimated $211,000.

Lafayette Mayor-President Joel Robideaux, in the proposed 2017-18 budget, wants to create a $1 million revolving loan fund to encourage investment in economically challenged areas. One of Robideaux's top priorities is to beautify and spur economic development along University Avenue.

"The Rural Center will seed a locally-led loan fund for Roseboro small businesses," mayor Butler explained. "The initial fund is $100,000 and Roseboro businesses will have access to additional funds based on demand and activity, which could result in a local revolving loan fund of $250,000-$300,000."

SMADC and MARBIDCO have established the Southern Maryland Revolving Loan Fund to assist Southern Maryland farmers with smaller agricultural projects that may not typically be financed by a commercial lender. Loan amounts range from $10,000 to $20,000, targeted to three specific areas: livestock, small fruits, and Good Agricultural Practices (GAP) and food safety upgrades.

For small businesses in a 5-county region along the Oregon and Washington state border, the Mid-Columbia Economic Development District (MCEDD) is there to help. MCEDD works to promote the creation of good paying jobs and the diversification of the region's economic base and also administers EDA's Revolving Loan Fund (RLF) program.

CDFA Brownfields Financing Webinar: Hazardous to Healthy: Financing Solutions for Recovering Brownfields
August 31, 2017 - 2:00 - 3:30 PM Eastern