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JOED seeks multi‑year funding; staff proposes $100,000 annual Jacksonville contribution and a $100,000 downtown loan pool
Summary
Staff briefed council on JOED’s strategic plan and a multi‑year, per‑capita funding proposal: $400,000 requested from the county and a $100,000 annual request from Jacksonville (city has already contributed $40,000 in FY26 and staff asked for a $60,000 appropriation to complete FY26). Staff also proposed $100,000 from the economic impact fund to seed a downtown Community Business Loan Fund.
City staff provided an update from JOED (the local economic development entity), summarized its new strategic plan and asked council for feedback on a proposed multi‑year, per‑capita funding strategy.
Staff stated that the funding request presented to Onslow County was $400,000 per year and that Jacksonville’s share would be $100,000 annually. "The funding request that we had for them was $400,000 a…
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