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Lancaster EDA forms ad hoc committee to revise grant criteria and explore financing tools
Summary
The EDA appointed an ad hoc committee (three-member rotation) to update grant criteria, align EDA activity with the county 2035 plan, and explore options such as revolving loan funds and incentives to attract larger bond-issued projects.
The Lancaster County Economic Development Authority voted to form an ad hoc committee to review and update its grant request criteria and to study broader options for supporting local businesses, including possible revolving loan funds and incentive packages.
Nut graf: The committee — structured as three EDA members meeting at a time and coordinated with members of the county's community/business advisory group (CBRAC) — will examine alignment with Lancaster County's 2035…
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