The City of Frazee is being awarded $90,000 as part of the Rural Business Enterprise Grant (RBEG) sponsored by USDA Rural Development.
Agriculture Secretary Tom Vilsack announced the selection of 145 recipients for more than $15.3 million in grants to start or expand businesses in rural communities. Through Recovery Act funding, businesses will be able to access critical capital that will help with start-up and working capital loans, building and plant renovations, transportation improvements, project planning and other business needs.
With a $10,000 contribution from the Frazee Economic Development Authority, there will be access to a $100,000 revolving loan pool for start-up and expanding businesses in Frazee.
A reception to accept the $90,000 grant award will be help on September 16th at 9:30 a.m. at the Frazee Events Center located at 105 Lake Street NE in downtown Frazee.
Congratulations to the City of Frazee for this fantastic opportunity!
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