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Greene County finance committee approves draft 2026 EDC budget, directs review of underused loan program
Summary
The Greene County Economic Development Corporation finance committee voted to recommend approval of the EDC2026 draft budget, including a $45,000 replenishment request, and discussed reworking a little-used "quantum loan" program after three years with no loans made.
The Greene County Economic Development Corporation (EDC) finance committee voted to recommend approval of the EDC2026 draft budget and discussed plans to revisit the county's quantum loan program, staff said.
EDC staff told the committee the draft shows a $6,400 operating surplus for the rest of 2024 and includes a $45,000 replenishment request to restore the corporation's fund balance. "The top number is, $45,000. That's our replenishment request," the presenter said, adding that operating income has recently come from microenterprise and CDBG economic development programs rather than straight appropriations.
The budget discussion was the committee's primary substantive item. Committee members moved to recommend the draft 2026 EDC budget for full-board consideration; the motion was approved by voice vote. The transcript records members responding "Aye," but does not list individual roll-call votes.
Why it matters: the replenishment request would restore the EDC's operating fund toward a target balance (staff cited roughly $50,000 as the…
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