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County CDC reports $5.8M in small‑business loans, seeks to manage second $300,000 microenterprise grant and updates board on broadband, housing and land bank
Summary
A CDC staff member updated the Board on the agency’s strategic plan, small‑business lending ($5.8 million to 244 businesses), a second $300,000 microenterprise grant the CDC seeks to manage, broadband grant application results, housing task force activity and land bank planning.
A CDC staff member briefed the Columbia County Board of Supervisors on multiple economic development items, including strategic‑plan work, lending activity, a new microenterprise grant, broadband grant rounds and housing‑related programs.
The CDC reported it has made $5.8 million in small‑business loans to 244 businesses over roughly 10 years, currently has about $2.5 million outstanding and approximately $1 million available to lend. The staff member said the CDC has earned interest on loans and reinvested roughly $700,000 over the last seven to ten years into the county loan fund.
On the microenterprise grant, the CDC said the state’s Office of Community Renewal awarded a second $300,000 tranche to the…
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