Krog Group Receives IDA Loan to Purchase Former Truck-Lite Facility wrfalp.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wrfalp.com Daily Mail and Mail on Sunday newspapers.
By MARK GEISE
Deputy County Executive for Economic Development and COP of the County of Chautauqua Industrial Development Agency
Since October, I have been communicating with the public through this article about all of the great things going on throughout Chautauqua County as they relate to economic development. These commentaries may include discussions about specific projects of public interest that are underway or have been completed, where they are at, and if completed, how they are performing.
They may also include discussions about initiatives being undertaken at various agencies or at the County level, including, but not limited to, the County of Chautauqua Industrial Development Agency, the Chautauqua Region Economic Development Corporation, the Chautauqua County Partnership for Economic Growth, the Chautauqua County Department of Planning & Development, the Chautauqua County Land Bank Corp., the Workforce Development Board, the Chautauqua County Visitors Bureau, educatio
Another 16 businesses in Chautauqua County hurt by COVID-19 will benefit from low-interest loans.
On Tuesday, the county Industrial Development Agency’s Board of Directors authorized $2.6 million in loans from its newly established Revolving Loan Fund. The money originated from the U.S. Economic Development Administration when it announced in September that the county IDA had been selected as a recipient of a $10.5 million grant through the CARES Act. The intent of the loan fund is to provide capital, in the form of low-interest loans, to both businesses and non-profit organizations as a means to respond to economic injury resulting from the COVID-19 pandemic.