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Presenter tells council local grants and loans leveraged roughly $9 million across four counties
Summary
A presenter reported the organization had leveraged about $9.2 million into four counties, described cumulative economic-impact calculations and said the program averages a $91 leverage for each dollar received. The presenter provided program staff names and stressed reporting and compliance work tied to grants.
A presenter told the council that, across four counties, the program had leveraged a little over $9,000,000 in grants, loans and investment project funding since the reporting period referenced. The presenter described a cumulative economic-impact metric tracked since 2002 and said the program’s average leverage equates to roughly $91 of impact per dollar received.
"Since we've been keeping track since 2002... that average has been averaged at about 18,000," the presenter said while explaining the calculation; the presenter noted staff who handle loans and compliance, including an identified loan officer. The presenter framed the results as positive for local economic development but emphasized that grants require substantial reporting and invoicing.
