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Staff touts outreach and small-business programs; downtown revolving loan fund, Main Street grant and food hub advance
Summary
Economic development staff reported awarding a $10,000 downtown revolving loan, applying for a $400,000 Main Street revitalization grant, and moving toward food hub and food-truck pod plans; members discussed recapitalizing the downtown revolving loan fund (current balance cited around $70,000) to support local businesses.
Staff reported a $10,000 revolving loan award to a new downtown business and said the office has applied for Main Street recognition and a $400,000 Main Street revitalization grant.
"We gave out another Downtown Corvallis revolving loan for $10,000 to a new business opening up," Chris said. He added that the economic development office supported the Downtown Corvallis Organization in an affiliate Main Street application and immediately applied for a $400,000 Main Street…
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