The Capital Regional Development Council, CRDC, was awarded a $750,000 loan from the U S Department of Agriculture’s Rural Development Intermediary Relending Program (IRP) today. A total of 18 economic development organizations were awarded $10,650,000 throughout the US from this highly competitive program. Three loans were awarded to New Hampshire Regional Development Corporations. In addition to CRDC, the Grafton County EDC was awarded a $500,000 loan and the Monadnock EDC was also awarded a $500,000 loan.
This is the second $750,000 loan awarded to the Capital Regional Development Council. The initial award was made in early 2008. CRDC used those funds to assist ten businesses with loans to finance growth. CRDC deploys the IRP throughout Sullivan, Merrimack and Hillsborough Counties to businesses located in communities of fewer than 25,000 population.
This is the second Federal award received by CRDC in 2011. In June, the U S Environmental Protection Agency awarded a $1.0 million Brownfields Revolving Loan Fund grant to CRDC to assist with the clean-up and remediation of environmentally impacted sites throughout Merrimack and Hillsborough Counties.
The Capital Regional Development Council is a non-profit development corporation that provides a variety of economic development services to businesses and local governments throughout New Hampshire. The Capital Regional Development Council is a mission driven non-profit focused on offering programs that result in private sector job creation and local property tax base enhancement.