Departments
Growth Group Economic Development Corporation
The Economic Development Corporation (EDC) exists to alleviate and prevent conditions of unemployment, assist and retain local industrial and commercial enterprises, strengthen and revitalize the economy of the municipality, and to provide a means and methods for the encouragement and assistance of business in locating, purchasing, constructing, renovating, improving, maintaining, repairing, furnishing, equipping and expanding their business. The EDC is authorized to extend financial support to existing and new businesses by its Revolving Loan Program, or by issuing limited obligation revenue bonds, thereby increasing the City's employment and tax base. The EDC Board of Directors consists of at least nine members, not more than three of which can be employees of the city. The Mayor and any member of the City Council may serve on the board. Members serve for six years.
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In order to apply for the loan, you must have: 1. Letters of rejection from two banking institutions 2. Completed Business Plan 3. Most current pay stubs covering one full month 4. Previous two years Federal Tax Returns 5. Supporting Information for collateral (bank statements, proof of ownership, loan repayment schedules)
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Woodward Avenue Virtual Experience (WAVE) The Woodward Avenue Action Association (WA3) is proud to announce the Woodward Avenue Virtual Experience (WAVE). The WAVE is a 3D virtual map and experience designed to promote available properties and development opportunities along Woodward Avenue and increase the visibility of Woodward businesses, attractions and destinations. |
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