Regional Development Company (RDC)
RDC Announces BUILD Loan Fund to Support Downtown Hobart Businesses
RDC posted that the City of Hobart is launching the BUILD loan fund (Business Upgrades & Investment for Local Downtown), a revolving loan program to support growth, redevelopment, and economic vitality within Hobart’s historic downtown. RDC reported a public informational session on Nov. 13, 9–11 a.m. at Festival Park Community Center and said eligible financing uses include property acquisition, construction, equipment, and fixtures. RDC noted loans start at $25,000 and the program is offered in partnership with the Northwest Indiana Regional Growth Fund.
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