REDC Receives $1 Million to Establish Revolving Loan Fund to Serve Small Businesses
This week, U.S. Senator Jeanne Shaheen (D-NH) announced a $1 million grant from the Economic Development Agency (EDA) to the Regional Economic Development Corporation (REDC) to establish a Revolving Loan Fund (RLF) to provide critical financing to New Hampshire businesses and entrepreneurs. Senator Shaheen, the lead Democrat on the Senate subcommittee the funds the EDA, led the effort to prevent the agency from being eliminated during the federal budget process last year. The