Working Capital Loan Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Grand Rapids Economic Development Authority (GREDA) recently approved its 2020 Annual Report.   The mission of the Grand Rapids Economic Development Authority (GREDA) is to advance the growth of the local economy through efforts focused on business recruitment, retention and expansion. As the City’s economic development agent, GREDA strives to provide a high level of service, in order to encourage economic investment and prosperity in the City of Grand Rapids and the surrounding region. GREDA works closely with businesses to: identify creative solutions to challenging problems, ge...

Another 16 businesses in Chautauqua County hurt by COVID-19 will benefit from low-interest loans. On Tuesday, the county Industrial Development Agency’s Board of Directors authorized $2.6 million in loans from its newly established Revolving Loan Fund. The money originated from the U.S. Economic Development Administration when it announced in September that the county IDA had been selected as a recipient of a $10.5 million grant through the CARES Act. The intent of the loan fund is to provide capital, in the form of low-interest loans, to both businesses and non-profit organizations as a m...