Businesses in Marietta eligible for loan funds
If you own a small business and are looking to move to Marietta or expand your existing small business in an area of the city that is undergoing redevelopment, you may be eligible to receive financial loan assistance from the Marietta Growth Fund as part of a small-business loan program.
Businesses must be located within the city limits of Marietta to receive the funding, Marietta Economic Development manager Beth Sessoms said. "The loan program is geared toward job creation for low- to moderate-income individuals." Businesses must pay salaries higher than the minimum wage to be eligible to receive funding, she said.
Business owners need to have an investment of their own in the program, Sessoms said. "We provide a gap financing tool for businesses through a matching loan fund with the U.S. Department of Housing and Urban Development."
About the Marietta Growth Fund
The Marietta Growth Fund provides assistance to qualified Marietta businesses, by supplementing traditional commercial loans or other financial resources with additional funds for new business or expansion.
The Fund provides a mechanism to "close the deal" when traditional commercial loans and other financial resources are insufficient to capitalize the business. The Fund encourages business revitalization and employment opportunities for low-to-moderate income individuals who live in the city limits of Marietta.
Marietta Growth Fund brochure
Marietta Growth Fund
Marietta's dedication to redevelopment in the city is a goal City Council established as part of the city's vision statement.
For more information, e-mail Marietta's Economic Development manager Beth Sessoms at email@example.com