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Pulaski County EDC reactivates revolving loan fund and renews outside loan-review agreement
Summary
The Pulaski County Economic Development Commission approved a contract renewal with a regional development company and confirmed the countyrevolving loan fund is "live," planning outreach, application standardization and discretionary lending criteria for early applicants.
The Pulaski County Economic Development Commission voted to renew its agreement with a regional development company that will continue performing credit memos and loan reviews for requests above $20,000 and confirmed the countyrevolving loan fund (RLF) is active as of Jan. 1.
Nathan (EDC staff) told commissioners the RLF was reactivated "as of the first of the year" after county-attorney review and commission approval and that staff already has "1 probable, 1 quite possible, and 1 maybe…
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