DMI currently has funds available in the Revolving Loan Program. The funds assist the commercial revitalization of the downtown area by providing low-interest loans to qualified parties. These loans can be provided to new businesses to help them get started or to existing businesses to help them improve or expand. All loan applications are reviewed by a committee that includes professionals experienced in analyzing business loans. Applicants must provide background financial information and a business plan.
The Revolving Loan Program was initially funded with a grant from the U.S. Department of Agriculture in the amount of $15,000. To date, four businesses have taken advantage of this opportunity.
To learn more about the Revolving Loan Program, contact the DMI office.
Thursday, January 25, 2007
The monthly DMI board meeting will be held Thursday, February 1st at 7 p.m. in the Milford Public Library Meeting Room. The meeting will include action on old business items and the final report of the 2006 Santa House committee.
Nancy's Fine Foods is celebrating the fifth anniversary of opening downtown on Valentine's Day, Wednesday, February 14th. Please join us at 1 North Walnut Street from 5 to 7 p.m. to celebrate this milestone. Lots of food and fun will be shared!