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EDA reviews FY26 draft budget; $250,000 small business loan program added and acceleration grant reduced
3548812 · April 15, 2025
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Summary
The EDA’s draft FY26 operating budget was discussed April 15. Staff said they reduced an 'acceleration' grant from $100,000 to $50,000 and added $250,000 for a proposed grant/loan program. Board members were asked to submit comments within a week; the small-business loan program will be discussed in closed session.
The EDA reviewed a draft FY26 operating budget at its April 15 meeting. Staff said the draft carries forward several large line items from FY25, which can make year‑to‑date comparisons misleading.
Budget presenters said the authority reduced an…
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