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EDA Grant Sets up Business Loans

EDA Grant Sets up Business Loans

Photo: WNAX


The Areawide Business Council based in Yankton has received a four-million-dollar grant from the federal Economic Development Administration to provide coronavirus related loans in a thirteen county area.
Administrator Lori Cowman with Planning District Three says the loans can be used for all types of business activity…

Cowman says applications are wide open…

Cowman says a lot of the money has already gone out…..

Cowman says the dollars are set up as a revolving fund so as they are paid back, loans would be available to other businesses.