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Board signs on to CDBG application routing for Northwest Loan Fund to support small business lending
Summary
The Board approved the intergovernmental agreement and chief‑elected official certification for a CDBG grant application led by the Northwest Loan Fund to secure $500,000 in loan capital and $80,000 in administration funding, contingent on county attorney review.
Anita Cameron, director of the Northwest Loan Fund, briefed the board on program performance and requested the Board's Chief Elected Official certification to apply for Community Development Block Grant (CDBG) funding to support business loans across the nine‑county region; the application seeks $500,000 for loans and $80,000 for administration. Cameron summarized loan portfolio performance, jobs created and local examples of loans made in Grand County, and asked the board to authorize signatures on the intergovernmental agreement.
The board moved to approve the IGA and authorize the chair's signature to be stamped outside the meeting, with the motion amended to be contingent on county attorney review. Staff noted Eagle County is the lead and that legal reviews are underway. Cameron highlighted past COVID grant deployment through the fund and named several local businesses that had used loan fund resources.
