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Council authorizes RDBG grant application to support proposed Mount Carmel laundromat
Summary
The council voted to authorize the city to apply for an RDBG grant that would finance equipment for Wabash Laundry LLC at 516 North Market; the company would repay the city over 10 years, allowing the grant dollars to remain local.
The Mount Carmel City Council voted to authorize the city to apply for an RDBG grant to support Wabash Laundry LLC’s planned laundromat at 516 North Market.
The authorization followed a presentation by the business’s representative, who said the grant would fund purchase of new machines that the city would buy and amortize to the business over 10 years. "The city of Mount Carmel, will be applying for this grant on behalf of Wabash Laundry LLC," the presenter said.
Why it matters: The Rural Development Grant (referred to in the meeting as the “RDBG grant”) would allow the city to use…
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