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MSU Extension’s Park Local Development Corp. says revolving loan fund helped start and keep local businesses
Summary
Trent Blustrate of Montana State University Extension described the Park Local Development Corporation’s revolving loan fund, which holds city and county CDBG funds, and said the program has made loans to several local firms, retained jobs and provides free business consulting.
Trent Blustrate, an MSU Extension agent who said he manages the Park Local Development Corporation (Park Local), told the Livingston City Commission on May 20 that the local revolving loan fund helps entrepreneurs who cannot qualify for traditional bank financing.
“Super basically, what Park Local is, is we hold a pool of money that was provided by the city and the county,” Blustrate said. He described the source as a Community Development Block Grant (CDBG) from the early 2000s that the city and…
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