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Rolla authorized to apply for USDA grant to create revolving loan fund
Summary
Council authorized a USDA Rural Business Development Grant application to establish a Revolving Loan Fund and granted signing authority to JDA Director Rebekah Bryant; the motion passed unanimously.
JDA Director Rebekah Bryant asked the council for permission to apply for a USDA Rural Development Rural Business Development Grant to support establishment of a Revolving Loan Fund. The council voted to apply and designated Bryant as the signing authority for the grant application.
Councilmember Alex Albert moved for approval and the motion carried on a unanimous roll‑call vote. The minutes provide no dollar figure for the requested grant; staff will prepare the application and return with details as required by USDA application procedures.
