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Woods County committee reviews loan fund, Turkey Hunt plans and local projects
Summary
Committee discussed a $16,000 revolving loan fund extension, logistics for the Lieutenant Governor's Turkey Hunt (April 15–17) and local projects including railroad outreach, grant applications and new tourism businesses.
Committee staff provided several operational updates and project briefs during the March 3 meeting.
Revolving loan fund: Staff reported a $16,000 allocation in the revolving loan fund had been extended to the end of July while a potential applicant finalizes financing. The committee heard that the revolving-loan application goes first to a revolving loan committee for recommendation and then to the Industrial Development Authority for approval. Staff described prior loan terms as having ranged up to about 4.5% interest and five years in length and said eligible uses can include equipment purchases or…
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