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EDA board approves small wording change to revolving loan fund policy
Sherburne County Economic Development Authority (EDA) / Board · March 5, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
The board approved a clarification to the county's revolving loan fund policy, changing the ineligible-use phrase from 'residential real estate' to 'residentially zoned real estate' to make clear the program is intended to help businesses transition from residentially zoned properties to commercial or industrial sites.
The EDA approved a targeted wording change to the revolving loan fund policy intended to clarify eligible and ineligible uses. Staff said a recent request revealed ambiguity about whether the program could finance businesses…
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