County Acts on Micro Loan Program
A countywide micro loan program for small businesses was given initial approval at the Sept. 4, 2013 meeting of Washtenaw County board of commissioners. The resolution, which will likely receive a final vote on Sept. 18, would authorize the county’s office of community & economic development to contract with the Center for Empowerment and Economic Development to manage this program. CEED already handles a smaller micro loan program focused on the eastern side of the county. [.pdf of CEED micro loan proposal]
Dan Smith (R-District 2) cast the sole vote of dissent against this program, saying he objected to using taxpayer dollars for a program where funds are allocated without the opportunity for input at public meetings.
Micro loans would … [Full Story]