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Portsmouth EDA adopts budget amendment to boost small-business loan program administration
Summary
The Economic Development Authority approved adoption of its budget including a $25,000 increase in administration costs for a small-business loan program; staff said the extra allocation funds administration and servicing ahead of program launch.
The Portsmouth Economic Development Authority voted unanimously May 20 to adopt its meeting agenda items, which included a budget revision increasing administrative funds for the small-business loan program.
EDA staff told commissioners the only change from the April draft was an increase to the small-business loan program administration and servicing line: from $100,000 to…
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