 As part of the Community Services Block Grant administered by
Community Action, funding is available to local businesses in order
to stimulate economic development in the agency's service area.
Businesses can use the funds to create or maintain jobs. The funding
is from the Department of Commerce and Economic Opportunity.
"Several local businesses have been able to expand and thrive thanks
in part to the small-business loan program funded by the Department
of Commerce and Economic Opportunity. The interest rates are
affordable and the requirements are minimal," said Angela
Stoltzenburg, executive director of Community Action.
Interested individuals are required to fill out an application
and submit it for approval to the agency's governing board. For
every $20,000 borrowed, one job must be created or retained.
Community Action is a private, nonprofit organization working to
eliminate the causes and effects of poverty in DeWitt, Fulton,
Logan, Mason, Menard and Piatt counties.
For more information about the loan program, call 1-877-588-7189
and ask for Kathy Inman, fiscal officer.
[Text from file received from
Community Action Partnership of
Central Illinois] |
