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Ivy Can Do outlines $300,000 grant window and $50,000 loan program to aid fire‑affected small businesses
Summary
Malcolm Voyager of Ivy Can Do told Talent council the PEER program will offer microenterprise grants (up to $15,000) and a revolving loan fund (loans up to $50,000 at 5% interest). Grants will be front‑loaded (~$300,000) in the first application window; OHCS must approve application materials.
Malcolm Voyager, the business‑and‑economic‑development lead at Illinois Valley Community Development Organization (Ivy Can Do), told the Talent City Council on Dec. 18 that a PEER grant program will offer both grants and low‑interest loans to support small businesses impacted by past fires.
Voyager said Jackson County’s allocation from a statewide PEER pool was about $13.6 million and that Ivy Can Do’s portion will fund two programs: a microenterprise grant program with awards up to $15,000 and a revolving loan fund offering loans up to $50,000 at 5%…
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