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Jackson County board adopts 2026 Accelerate Jackson revolving loan fund strategy
Summary
The county board unanimously approved the 2026 update to the Accelerate Jackson EDC revolving loan fund strategy, citing modernization after earlier defederalization and a biennial update cycle that traces back to initial EDA funding in 1984.
Jackson County’s general government board unanimously adopted an updated 2026 strategy for the Accelerate Jackson Economic Development Council’s revolving loan fund at its June 8 meeting. The plan, presented by Marsha Gabrowski of Accelerate Jackson County, updates lending guidance and seeks to make the program more accessible following changes from earlier federal requirements.
"My name is Marsha Gabrowski. I'm with Accelerate Jackson County," Gabrowski said during the presentation, explaining that the program began with Economic Development Administration funding in 1984 and that the strategy document is updated every two years. She added the funds were "defederalized," giving staff more flexibility in evaluating loans and projects. Following brief board questions, a motion to approve the 2026 RLF strategy (mover Snell; supported by Willis) passed unanimously.
Why it matters: The RLF provides gap financing intended to support local business expansion. The board’s approval keeps the program on a biennial cycle and preserves new operational flexibilities staff say will improve access for county businesses.
What’s next: The adopted strategy will guide Accelerate Jackson and EDC loan decisions for the coming cycle; no fiscal appropriation was recorded during the meeting.
