NKADD's RLF Has Been Successful for Northern KY
Since 1999, NKADD has loaned $1.69 million, created or retained 153 jobs, and leveraged an additional $6.75 million of investment. NKADD oversees $600,000 allocated in a grant to the Licking River Greenway Brownfield Coalition from the U.S. Department of Environmental Protection.
$500K RLF Loan Will Promote Rural IA Job Creation
O'Brien County Economic Development Corporation is receiving funding through USDA Rural Development's Intermediary Relending Program which provides one-percent-interest loans to local organizations that re-lend to businesses and for community development projects in rural communities.
Scott Water System Receives RLF Loan for Improvements
The Louisiana Department of Health has awarded a $980,000 loan to the City of Scott through the State's Drinking Water Revolving Loan Fund. The project includes the installation of an automatic meter reading system, including leak detection and software to interface with the current utility billing system.
$49M Awarded for Water, Sewer, and Wastewater Infrastructure in GA
Eleven Georgia communities were recently awarded financing totaling $49 million for water, sewer, and wastewater infrastructure improvements by the Georgia Environmental Finance Authority board of directors.
Columbiana County CIC Having Trouble Giving Away Loan Money
The Columbiana County Community Improvement Corp. has more than $150,000 to lend to new or expanding small businesses, but there has been little or no interest over the past several months. County Development Director Tad Herold said "It (RLF use) seems stagnant all across east Ohio."
State and Federal Funds Support Martinsville's Water Infrastructure
The city of Martinsville will get federal help to rebuild its infrastructure. Sen. Mark Warner and Sen. Tim Kaine made the announcement, as Congress awarded $1 million for the project. The money will be used toward making repairs to an approximately six-mile sewer line.
Grow a Farmer Loan Fund Launched in MN
The Grow a Farmer Fund is a revolving-loan fund managed by Southern Minnesota Initiative Foundation that offers lower-interest loans up to $15,000 to individuals in SMIF's 20-county region for inventory, supplies, working capital or machinery/equipment.
$100K RLF Supports MNStar Expansion
MNStar Technologies, located east of Grand Rapids, received a $100,000 Revolving Loan Fund from Lake Country Power to support its business expansion objectives. The program allows businesses to apply for up to $100,000 at three percent interest which must be paid off within 10 years or less.
$570K City Loan Supports Heritage Tower Cleanup
Battle Creek, MI city commissioners have approved a $570,000 loan to assist with cleaning up hazardous materials at Heritage Tower. It is being paid out of a revolving loan fund to the city by the U.S. EPA and being provided through the Battle Creek Brownfield Redevelopment Authority.
Obama Signs WIIN Act Authorizing Millions in Drinking Water Funding
President Barack Obama signed the Water Infrastructure Improvements for the Nation (WIIN) Act into law. The bill authorizes $170 million for communities facing drinking water emergencies, including funding for Flint, MI, to recover from the lead contamination in its drinking water system.