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The program focuses on areas that have experienced or are under threat of serious structural damage to the underlying economic base. Under Economic Adjustment, EDA administers its Revolving Loan Fund (RLF) Program, which supplies small businesses and entrepreneurs with the gap financing needed to start or expand their business.
The California Energy Commission was created in 1974 [6] and uses SEP funds to support its Appliance Efficiency Program. In the past ten years, California has received $26.2 million from the SEP. Approximately 1,800 jobs have been created or retained and 6,250 people have been trained in energy efficiency installations.
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]
Diagram explaining the use of state revolving funds. A state revolving fund (SRF) is a fund administered by a U.S. state for the purpose of providing low-interest loans for investments in water and sanitation infrastructure (e.g., sewage treatment, stormwater management facilities, drinking water treatment), as well as for the implementation of nonpoint source pollution control and estuary ...
The resources from the repayments are distributed by Wallonia to a budgetary fund. The funds can then be reallocated (revolving fund), in the form of new recoverable advances, to the managing structures, so that they can grant new 0% loans to households, while respecting the €150 million limit. [45]
By accessing money in the revolving fund, the non-profit can commit to the project, including signing contracts or issuing invitations, knowing that funding is available from the revolving fund. As the project is funded through donations or through revenue the project may generate, the funds can be repaid to the revolving fund.
The California Commission for Economic Development [1] (CED) was a bipartisan advisory board on economic development issues to the executive and legislative leadership of the State of California. Established in 1971, the CED was composed of six members of the State legislature and ten members of the public appointed by the Governor and ...
The California Infrastructure and Economic Development Bank (IBank) is a state-owned, state-run financial institution based in Sacramento, California. The bank operates under the Bergeson-Peace Infrastructure and Economic Development Bank Act of 1994 and is governed by a five-member board of directors. [ 3 ]