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Local Government Emergency Loans for Small Businesses: Contracting with Financial Institutions for Loan Administration

March 25, 2020

The COVID-19 public health crisis is giving rise to an unprecedented economic crisis. Economic activity across the nation has slowed considerably, and many small businesses—which were operating successfully only one month ago—are now struggling to survive. As their bills pile up but no revenue comes … Continued

Local Government as Lender: Emergency Loans for Small Businesses

March 20, 2020

Economic activity can be disrupted by any number of unanticipated emergencies, ranging from natural disasters to virus outbreaks like COVID-19. When these events threaten the survival of small businesses, the owners may turn to government for assistance. One legal and effective way for a government … Continued

Utilizing Program Income and Revolving Funds to Stretch CDBGs

April 12, 2018

One of the tools that local governments utilize in community revitalization efforts are Community Development Block Grants (CDBGs). This U.S. Department of Housing and Urban Development (HUD) program provides grants to local governments to fund projects such as affordable housing, infrastructure imp … Continued

Revolving Loan Funds for Affordable Housing

February 8, 2018

In previous CED posts, the definition and benefits and disadvantages of a revolving loan fund structure have been described. For review purposes, a revolving loan fund is often defined as a replenishing source of capital or funding from which loans are made. Some of these same posts describe this fi … Continued

What’s on your desk? POTUS posed to sign Water Resources Reform and Development Act of 2014

May 27, 2014

This morning, legislation sits on the President of the United States’ desk that will advance policies and funding for the nation’s water infrastructure. Assuming he signs it, the Water Resources Reform and Development Act (WRRDA) of 2014 will authorize funding for existing and new water, wastewater, … Continued

Update on CDBG Funding for Water and Sewer Projects in North Carolina

January 28, 2014

The Community Development and Block Grant Program (CDBG) is one of the key public sources of funds for community water and sewer projects in North Carolina and across the country. While the amount of funds available for water and sewer projects is not as large as other federal programs such as joint … Continued

Small Business Access to Capital (Part IV): Funding Sources to Capitalize Revolving Loan Funds

June 13, 2013

Funding sources to capitalize revolving loan funds is the fourth topic in a series on tools local governments can use to assist small businesses. As discussed in Part II of this blog post series, local governments across North Carolina are using revolving loan funds to support their small businesses … Continued

Small Business Access to Capital (Part II): Revolving Loan Funds

May 9, 2013

Small business success is one of the cornerstones to the vitality of our communities. A variety of tools are available to local governments interested in supporting their small businesses. In this continuing series of blog posts about how local governments can assist small businesses, we will review … Continued

Revolving Loan Fund Activities Continue to Run Their Course in Vance County

September 2, 2010

Kendra Jensen is a UNC-Chapel Hill graduate student pursuing a master’s degree in Public Administration. She is currently working with the Kerr-Tar Council of Governments through the Carolina Economic Revitalization Corps (CERC) Late last month, master barber and Vance County resident and business o … Continued

How do local governments create green jobs? Here’s one idea.

November 24, 2009

Tyler Mulligan is a School of Government faculty member. Have leaders in your community been using words like “green economy” and “green jobs?” What role can a local government play in enhancing the local green economy and creating some green jobs? This post explores one possible role: local governm … Continued