Grant Will Help Franklin Co. Businesses Grow
(Brookville, Ind.) – Small businesses in Franklin County will get a boost from a federal grant.
The U.S. Department of Agriculture’s Rural Development Program will send $70,000 to the Franklin County Economic Development Commission. The grant will be matched by $25,000 in Franklin County Economic Development EDIT local funds.
The Rural Development Program is intended to provide additional funding to supplement the small business loans available from local and regional banking institutions. Local small businesses will be provided short term loans to help them grow.
“I am very pleased that the officials from USDA were interested in our efforts to assist and promote small businesses in our communities,” stated Frank Thompson, Director of FCEDC. “I think this will be a much needed boost to bring more jobs to our county. Growing small businesses has been proven to be one of the best ways to improve our economy.”
Franklin County is one of the largest recipients of funds from the RBEG program this year, the FCEDC said.