The U.S. Department of Agriculture – Rural Development (RD) and Venture North Funding will present information on grant and loan programs available to businesses, local governments, nonprofit organizations and individuals – all related to economic and community development in Northern Michigan.
The information forum will be held Friday, October 26, from 8:30 a.m. to 10:30 a.m. at the City Opera House at 106 E. Front St. in Downtown Traverse City. It’s open to participants at no charge. Those planning to attend are asked to RSVP to Venture North’s Sara Christensen at firstname.lastname@example.org. The event is co-hosted by Venture North Funding, USDA-RD and the Traverse City Downtown Development Authority.
Rural Development has more than 40 grant and loan programs available for business development, housing, loans and loan guarantees, energy efficiency, value-added agricultural production, sewer and water supply systems and much more. RD has provided support for organizations such as the Traverse City Downtown Development Authority (TCDDA), Venture North Funding and Grow Benzie Farmers Market. Venture North provides loans for business and job development and expansion, often with innovative terms and in partnership with other lending institutions. Founded in 2015, Venture North has provided financial support for scores of area businesses including retailers, manufacturers, professional service firms, agricultural operations, food services and restaurants and more.
Traverse City Area RD Specialists will participate as will Laura Galbraith, Executive Director of Venture North. There will be time for discussion and questions and scheduling one-on-one meetings with participants who are interested in specific program opportunities.
“These two organizations provide a staggering array of programs and services to move our economy and communities forward,” said Jean Derenzy, CEO of the TCDDA. “We want to make sure that our partners and neighbors in business, local governments and nonprofit organizations take full advantage of these opportunities.”
“We welcome every opportunity to talk about the wealth of grant and loan programs we manage,” USDA RD Michigan Director Jason Allen said. “It’s our job to explain what’s available and walk people through our processes so they can expand or start a business, create infrastructure for communities, improve public facilities or purchase and repair housing to move our region and State forward.”
“Whether you’re an entrepreneur looking to start up or expand a business or an established corporation in need of working capital to create jobs and expand, we want to talk with you to explain the financing opportunities and advantages we can provide,” Venture North’s Laura Galbraith said. “We hope to expand our client base following the October 26 session.”