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County approves MOU with Beartooth after presentation on revolving loan fund and brownfields work
Summary
Beartooth told county commissioners it has 14 RLF loans leveraging about $6 million in investments and recent state and USDA grants; commissioners approved a memorandum of understanding to continue the partnership and set follow-up work on a Brownfields revolving loan fund application.
Beartooth representatives updated the Board of County Commissioners on Nov. 19 about recent economic-development activity and funding, and the board approved a memorandum of understanding to continue the county’s partnership.
At the hearing, a Beartooth representative said the organization’s revolving loan fund has supported 14 loans and “equals about 6,000,000 in total investments” when combined with other investors and businesses. The presentation noted state and U.S. Department of Agriculture assistance to replenish the…
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