Palm Beach County gets $1m USDA small business grant

Untitled-1Palm Beach County’s Department of Economic Sustainability has received a $1 million award from the U.S. Department of Agriculture to provide low-interest loans to small emerging businesses in rural parts of the county.

Palm Beach County was one of just six local governments, and the only one in Florida, to get the grant from the USDA’s Intermediary Relending Program, Assistant County Administrator Shannon LaRocque told commissioners Tuesday in an email.

She said the county’s sustainability department has given low-interest loans to 32 local small businesses, resulting in the creation of about 1,540 local jobs over the last five years.

 

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