PRESS RELEASE

For Immediate Release Monday April 2, 2007

Contact: Noel LaBine 763-477-3086

Wright County Enterprise Loan fund cap raised with County Commissioners approval.

     

   

  The Wright County Commissioners approved and increase in the use of the Wright County Revolving Loan Funds for business. As of March 27, 2007 eligible businesses can receive up to $50,000 for use of htis fund, which included use for permanent working capital.
   Interested parties should contact there local bank about the possible use of these funds.  Most banks in Wright County are familier with this fund and work with the Wright County Economic Development Partnership to access these funds when it is appropriate.  Final approval of the use of these funds always rests with the County Commissioners, but the application process must go through the Partnership.

  The Partnership exists to enhance the business climate of Wright County and to help create more jobs in Wright County . The strategies the Partnership uses to achieve its mission include being an information resource and finding technical assistance; aiding business development through Business Retention & Expansion visits, providing financing resources, and providing business information and training through seminars and workshops. Also, the Partnership markets Wright County to business site locators, and maintains an excellent website, which includes a listing of commercial and industrial property available in Wright County (see www.wrightpartnership.org ). The Partnership also assists with Workforce Development and has gathered economic statistical information, which is available on its website.