Revolving loan aims to boost Meade County economy - KOTA Territory News

Revolving loan aims to boost Meade County economy

Posted:
    The Meade County Commission is finding new ways to help boost their economy.
    In 2012, the commission established a $100,000 Meade County Economic Development Loan Fund.
    The revolving loan, has now grown to more than $140,000, and offers businesses an additional motivation to create jobs and add services to the county.
    Sturgis Economic Development Corporation President Pat Kurtenbach says the rapid growth of the fund will benefit multiple industries, "We established this fund just to have it as an incentive for commercial and larger industrial growth. It has since expanded to include residential facilities as well”.
    Kurtenbach says the loan has already generated more than $6,000 of interest, which goes back into the fund to be lent to the next recipient.
Powered by WorldNow

518 St. Joseph St.
Rapid City, SD 57701

Telephone: 605.342.2000
Fax: 605.342.7305

Couldn't find what you were looking for?
Powered by WorldNow
All content © Copyright 2000 - WorldNow and KOTA. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.