Board meeting provides positive information and results
The February EDA Board Meeting provided some more positive information and results for the board members to consider relating to EDA programs, activities, and involvement from the past and current programs that the organization has funded. One revolving loan fund loan saw its last payment made, which currently leaves only two other loans outstanding with that fund. Seven new loans were distributed over the past 12 months from the Business Assistance Fund which is for building rehab work or business startups. I reported to the Board that there are three more applications that the EDA Finance Committee will be reviewing and making a recommendation on to the full EDA Board in March. I have also distributed an additional three applications that are currently being completed by another three businesses in our community!
