Port Authority A leader in business and economic development.
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Revolving Loan Fund
Posted on July 15th, 2009 3 comments
RLF funds are often used to upgrade equipment.
Public-private partnerships have perhaps never been more important than they are now. With the passage of the American Recovery and Reinvestment Act earlier this year, the amount of federal funding available for business development has never been greater.
But did you know that funds are available from local governments, too? Delaware County and the City of Delaware both operate Revolving Loan Funds to aid in the expansion and retention of businesses by offering low-interest business development loans. According to the County’s economic development website, loans are available for manufacturing, distribution, retail, office, and commercial uses.
For more information about the county’s revolving loan fund process, check out this online brochure, and this application. Please feel free to contact the County’s economic development office with any questions. Sometimes a recession can be a great time to grow a business, and public-private partnerships can be a great way to do that.
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LOUIS July 15th, 2010 at 15:16