City of Glens Falls Creates new $250,000 Loan Program

Glens Falls receives funding from USDA

GLENS FALLS, NY (10/13/2011)(readMedia)-- Glens Falls Mayor Jack Diamond has announced that the City of Glens Falls Local Development Corporation has created a newBusiness Loan program of $250,000 as the result of funding received from the USDA Rural Development. The program knows as the IRP –relending program is available for a variety of projects at low interest rates that will create and or retain jobs within the City of Glens Falls. Mayor Diamond expressed appreciation to the USDA officials and to US Senator Schumer for their assistance and support for this funding .

It is expected that applications for the program will be available by November 15, 2011. For further information; interested parties can contact the Office of Economic Development – Ed Bartholomew Director -76`1 3833 gfeb@nycap.rr.com

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