New Grant Money

JEDCO Unveils Low Interest Financing Program

Jefferson Parish Economic Development Commission (JEDCO) was awarded a $2 million grant to deliver loans and/or technical assistance to Jefferson-based businesses. Through the Louisiana Innovation Loan and Technical Assistance Program (ILTAP), JEDCO can authorize loans for the purchase of land and/or buildings, equipment and inventory.

Small businesses can access loans up to $500,000. The program is designed to spur economic growth through low interest loans. Every business that secures ILTAP funding is required to create one new job. All applications are reviewed by JEDCO staff and approved by JEDCO’s Finance Committee. Applications are available at www.jedco.org. ◗