Connect with us

Hi, what are you looking for?

Florida News

Ron DeSantis Announces $3 Million in Loans Available for Rural Projects Across Florida

On Monday, Gov. Ron DeSantis announced there was $3 million available in loan for projects in rural communities through the Rural Community Development Revolving Loan Fund Program.

Share Story Via Text, E-Mail, Facebook or Twitter

On Monday, Gov. Ron DeSantis announced there was $3 million available in loan for projects in rural communities through the Rural Community Development Revolving Loan Fund Program.

According to the governor’s office, the funds are available to fund projects in rural areas that “create and retain jobs, maintain economic activity of an existing industry or promote diversification of the local economy” and “provides local governments with access to financial assistance to promote the economic viability of rural Florida communities.” The Florida Department of Economic Opportunity (DEO) runs the program.

“Opportunities for investment and economic development are critical to the health of local economies in all Florida communities across the state, but especially rural communities,” said DeSantis. “Florida’s rural communities can utilize these resources to attract business growth and create new local jobs for their residents.”

“Governor DeSantis is committed to strengthening Florida’s rural communities by making them more resilient to disasters and preparing them for the industry and workforce needs of tomorrow,” said DEO Executive Director Ken Lawson. “The Rural Revolving Loan Fund gives rural communities an opportunity to compete and to invest in economic development for their futures.”

Loans through the Rural Community Development Revolving Loan Fund Program are at 2 percent, which is below the prime rate.

 

Author

  • Florida Daily

    Florida Daily offers news, insights and analysis as we cover the most important issues in the state, from education, to business and politics.

    View all posts
Share Story Via Text, E-Mail, Facebook or Twitter

Follow Us on Social Media

Ed Dean: Publisher

 

Ed Dean is a leading radio and news media personality including hosting the #1 statewide radio talk show in Florida. Contact Ed.Dean@FloridaDaily.com

Article Archives

Related Stories

Lead

Whether you are a resident of the state of a visitor, drivers crossing into the state will now see new Florida signs that read,...

Florida Politics

This year, Florida Gov. Ron DeSantis vetoed 14 bills proposed or co-sponsored by state GOP lawmakers. Issues from the state budget to local property...

Education

(adsbygoogle = window.adsbygoogle || []).push({}); Florida Governor Ron DeSantis announced the appointment of Dr. Alberto Tano to the Florida International University Board of Trustees....

Economy

Florida Gov. DeSantis vetoed Senate Bill 280, which would have allowed the state to impose stricter regulations on vacation rentals Over the last few...

Florida Politics

Getting your Trinity Audio player ready... Florida Gov. Ron DeSantis signed the following bills: HB 799 – Easements Affecting Real Property Owned by the...

Elections

Getting your Trinity Audio player ready... A poll known for right-leaning sample audiences revealed recent poll numbers that show 80% of voters surveyed said...

Elections

There seems to be some confusion between the Biden Campaign and Florida Democrats regarding their role in Florida’s 2024 election. Puck News reports that...

Florida Politics

Getting your Trinity Audio player ready... Florida Governor Ron DeSantis awarded funds for infrastructure improvements through the Florida Job Growth Grant Fund (JGGF). Awards...