Grant’s goal to spark job growth

 

By Kati O’Hare
Daily Press Writer
Published/Last Modified on Friday, November 13, 2009 7:18 PM MST

MONTROSE  - Region 10 was recently rewarded a grant to provide loans to businesses, with the intent to create jobs and increase lending.

“We have received a $420,000 community development block grant (CDBG) from the federal Housing and Urban Development program ... it’s part of a big grant used to fund the 14 different business loan programs in the state,” Region 10 Director Paul Gray said this week.

Region 10 is currently accepting loan applications from businesses. Though there’s no criteria as far as the size of business that can borrow, there are several  requirements that must be met.

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Comments

    Wheeeww wrote on Nov 14, 2009 8:39 PM:

    " 80% of this money will never make it out of committee. "

    Report Abuse


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