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franklin county times

Development District gets $400k in federal funding

By By Ben Alexander/The Meridian Star
March 30, 2001
The East Central Planning and Development District has been awarded a $400,000 grant for revolving business loans.
U.S. Sens. Trent Lott, Thad Cochran and U.S. Reps. Chip Pickering and Roger Wicker, all Republicans, announced the funding of the federal grant this week.
The grant will be administered by the U.S. Department of Agriculture Office of Rural Development.
The ECPDD includes Lauderdale, Kemper, Newton, Clarke, Neshoba, Jasper, Leake, Scott and Smith counties.
The $400,000 grant was part of almost $3 million in funding doled out by the federal government Wednesday for projects in the state.
Lott said the funding is vital in order to promote economic development and a high quality of life in rural parts of the state.
McCary said loans from the ECPDD are often more attractive to businesses because of the low term, fixed interest rates they provide.
If your business would like to apply for a loan through the East Central Planning and Development District, contact Kawana McCary at 683-2007.
Ben Alexander is a staff writer for The Meridian Star. E-mail him at balexander@themeridianstar.com.

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