Austin DCA, CEDA reps in LeRoy Oct. 11 to help businesses apply for forgivable Hwy. 56 loans

Posted: October 1, 2024

Aaron Keenan of the Development Corporation of Austin (DCA) and Allison Whalen of Community Economic Development Associates (CEDA) will be in LeRoy on Friday, Oct. 11, beginning at 9 a.m. to assist business owners affected by Highway 56 construction in applying for Mower County’s new forgivable loan program.

Interested business owners should schedule an appointment by contacting Whalen at 507-993-8688 or by sending her an email. Meetings will take place in the small meeting room at the LeRoy Community Center.

The following revenue details — separated by month — will be needed as part of the application:

  • May 2024 through August 2024 (construction months)
  • May 2023 through August 2023 (comparison months)
  • May 2022 thru August 2022 (comparison months)

“We encourage all businesses that are interested in applying for the loan to get their financial information prepared before we meet with them, so we can help get the loan application done at that time,” says Whalen, who is also a member of the LeRoy Economic Development Authority.

Completed applications will be sent to the DCA’s loan committee for a final decision.

 

 


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