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Rolla authorizes application for USDA Rural Business Development Grant to establish revolving loan fund
Summary
The council authorized applying for a USDA Rural Business Development Grant to establish a Revolving Loan Fund, granting signing authority to JDA Director Rebekah Bryant.
Rebekah Bryant, director of the Rolla Job Development Authority, appeared to propose applying for a USDA Rural Development Rural Business Development Grant to establish a Revolving Loan Fund. The council voted to apply and authorized Bryant to sign the application on behalf of the city.
The motion to apply carried unanimously on roll call vote (motion by Alex Albert, seconded by Damond Schemmel). The minutes do not specify requested grant amount or detailed program rules; staff will proceed with the application process and return with details if awarded.
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