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Alderwoman pushes for loan forgiveness amid pandemic struggles

November 05, 2024 | Rutland City, Rutland County, Vermont


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Alderwoman pushes for loan forgiveness amid pandemic struggles
During a recent government meeting, discussions centered on the future of the Board of Cannabis Control and the fate of a local business's loan forgiveness request. Attorney Lechants presented a memo suggesting the potential dissolution of the cannabis control board, which has seen its powers significantly reduced by state legislation. The board members debated whether to take action now or wait until after the upcoming election, with concerns about possible changes in state law influencing local authority over cannabis licenses. Ultimately, the board decided to refer the matter to the general committee for further discussion.

In another significant topic, the Community and Economic Development Committee reported on amendments to the buyout policy, including the introduction of an emergency assistance provision for businesses affected by disasters. The committee also addressed a specific case involving Paige Kreher, owner of Blush Salon, who sought forgiveness for a $10,000 loan originally intended for relocating her business. Due to the pandemic, Kreher pivoted her operations but did not meet the conditions of the loan. After a heated debate, the board voted to deny her request for forgiveness, citing a lack of documentation supporting her claims and emphasizing the importance of adhering to established agreements.

Kreher passionately defended her actions, highlighting her efforts to keep her business afloat during the pandemic and her contributions to the local economy, including job creation and educational initiatives. Despite her arguments, the board's decision reflected a commitment to uphold the rules governing the loan program. The meeting underscored the ongoing challenges faced by local businesses in navigating financial support systems amid unprecedented circumstances.

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