The Rochester Sentinel
The grant money will be used to continue FEDCO’s low interest loan program and to provide funding for training to eligible businesses in Fulton County, FEDCO said in a press release. Eligible businesses include startups that have met application requirements or existing businesses based in Fulton County with less than $1 million in gross annual sales and less than 50 employees.
This is the third and largest such grant the USDA has awarded to FEDCO in the past five years.
FEDCO Executive Director Terry Lee said the funding will provide a boost to an already successful program.
“These additional funds are a vote of confidence from the USDA and will allow FEDCO to help more Fulton County businesses start and grow.
We’ve created a very comprehensive program for small businesses that includes a wide range of resources and the USDA’s grant is at the heart of what we offer,” he said.
For more information, contact Amy Beechy at amy@yourprojectmatters. com or 574-709-7955.
(Related article: ROCHESTER, Ind., 7/15/10 — A $75,000 USDA Rural Development Grant awarded July 6 (2010) to the Fulton Economic Development Corp…FEDCO received a $50,000 grant last October…) (more)