2002 Section 108 Project Summary - Florida

Economic Development

BUSINESS LOAN PROGRAM TO SPUR DEVELOPMENT OF DISTRESSED AREAS, CREATION OF 1000 JOBS
Palm Beach County FL Palm Beach County Business Loan Program $ 15,000,000

The County of Palm Beach has solidified commitment to its Community Development Business Loan Program by securing $15,000,000 in Section 108 loan funds for the program's related economic development activities. This program provides loans up to $1,000,000, which will be used to develop new business opportunities. The loan funds will be made available to businesses within the boundaries of Palm Beach County, with priority given to projects located in distressed areas. The County expects that these activities will ultimately create over 1000 jobs.