Revolving Loan Fund WebCourse Week is returning with the intro level on May 13-14 followed by the advanced level on May 15-16. Register for one or both of these courses to learn from experts about developing, implementing, and managing efficient and impactful revolving loan fund programs.

U.S. Senators Tina Smith and Amy Klobuchar have announced $1.9 million in federal funding for clean energy technology at 27 farms and small businesses throughout Greater Minnesota. The funding is specifically set aside for agricultural producers and rural small businesses to install renewable energy systems or to make energy efficiency improvements. Agriculture currently accounts for roughly one-quarter of Minnesota's greenhouse gas emissions.

The Tennessee General Assembly passed a bill that provides local governments -- in particular, rural communities -- with some additional disaster relief protection. The Resilient Tennessee Revolving Loan Fund (RLF) provides opportunities for local governments to secure low-interest loans to help them develop projects or to help them come up with a match for funding, Over the past few years, tornadoes and floods have wreaked havoc on Tennessee communities. Rural communities are often most at risk, and access to more funding can help reduce damage in those areas.

The Department's Economic Development Administration (EDA) is awarding a $1.7 million grant to the Central Louisiana Regional Port in Alexandria, LA for infrastructure improvements needed to support disaster resiliency and efficiency improvements at the port. This EDA investment will be matched with $2.7 million in local funds and is expected to create or retain more than 80 jobs and generate $600,000 in private investment, according to grantee estimates.

State and local leaders commemorated the start of a $33 million project that will expand sewer treatment capacity in Washington County, Virginia. The expansion will provide sewer to approximately 140 residential and commercial customers who are currently serviced by existing septic tank systems.

Georgia senators Raphael Warnock and Jon Ossoff have released a list of various counties in Georgia that will receive funding for federal clean energy initiatives. In total, $2 billion was provided to counties in the Peach State.

Arkansas has been awarded eight Rural Energy for America Program (REAP) investments totaling more than $307,000 to help lower energy costs, generate income, and create jobs for local farmers, ranchers, agricultural producers, and rural small businesses statewide.

The Legacy Fund's in-state investment program targets $700 million for in-state fixed-income investments, such as infrastructure, and $600 million for in-state equity investments, supporting new and expanding businesses. The combined goal is $1.3 billion. More than $395 million of the Legacy Fund's assets are invested in North Dakota through the Bank of North Dakota (BND) and the North Dakota Growth Fund (NDGF). The Legacy Fund has also invested $49 million through BND's Infrastructure Revolving Loan Fund (RLF) to help pay for critical infrastructure.

CDFA Tribal Finance Webinar Series: Empowering Native Entrepreneurs Through Access to Capital
April 23, 2024 - 2:00 PM - 3:30 PM Eastern

CDFA Food Systems Finance Webinar Series: Financing Food Systems with Revolving Loan Funds
April 30, 2024 - 2:00 PM - 3:30 PM Eastern

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