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County economic development director outlines loans, job impacts and requests small increase from Morris
Summary
Cheryl ****, executive director of the Stevens County Economic Improvement Commission, told the council SEIC has revolved a $481,430.85 transfer into a lending book now worth $848,236.12, reported 4 new loans totaling $333,000 that leveraged $1,730,000, and asked the City of Morris to increase annual support from $33,000 to $34,000.
Cheryl ****, executive director of the Stevens County Economic Improvement Commission (SEIC), reported to the council Sept. 24 on SEIC activity and outcomes and requested a $1,000 increase in the city's annual contribution (from $33,000 to $34,000).
Cheryl said the city transferred $481,430.85 in fiscal 2024 to SEIC to serve as local development funds. Over roughly a decade the fund has revolved and…
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