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Revolving Loan Fund (RLF) EDA provides Economic Adjustment Assistance (PDF) grants to eligible recipients to capitalize or recapitalize lending programs that service businesses that cannot otherwise obtain traditional bank financing (and in limited situations to governmental entities for public infrastructure).
A Revolving Loan Fund (RLF) is a source of money from which loans are made for multiple small business development projects. Revolving loan funds share many characteristics with microcredit, micro-enterprise, and village banking, namely providing loans to persons or groups of people that do not qualify for traditional financial services or are otherwise viewed as being high risk. [1]
The Louisiana Department of Health's Drinking Water Revolving Loan Fund was found to have inadequate controls over their financial statements, resulting in $855,606 in excess federal funds above ...
The Cooperative Development Foundation (CDF) is a 501(c)(3) charitable organization engaged in cooperative development in the United States. CDF administers revolving loan funds, provides grants, and fosters economic development through the formation of cooperatives.
However, issues such as the stigmatization of sites, limited amount of awarded grant funds, and disparity in award funding are common hurdles the Brownfields policy currently faces. To resolve these issues the Brownfields Utilization, Investment, and Local Development (BUILD) Act of 2013 was introduced to the 113 Congress on March 7, 2013. [16]
During a debate on June 25, 1979 regarding an amendment that would remove $13 million from the Economic Development Revolving Fund, which would in turn jeopardize a loan guarantee for a new mill for Wheeling-Pittsburgh Steel, [8] Senator Lowell Weicker (R-CT) said of Senator John Heinz (R-PA) "When a member substitutes innuendo for fact or the ...
The economic development projects represent nearly $300 million in private business investment, and each received the potential for tax breaks based on job creation from the Ohio Tax Credit Authority.
Development financial institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis. DFIs are often established and owned by governments or nonprofit organizations to finance projects that would otherwise not be able to get financing from ...