Region 9 receives funding through grant

The CDBG is one of several sources of funding for the Region 9 Business Loan Fund program that provides “gap” financing to support job creation and retention in La Plata, Archuleta, Montezuma, Dolores and San Juan counties.

In addition to larger loans of $100,000 or more, the CDBG program provides micro-loans to small business and entrepreneurs. The $500,000 grant will be used to fund requests for Region 9’s Micro Enterprise Program.

To qualify for the Micro Enterprise Program, a business must:

Be located in Archuleta, Dolores, La Plata, Montezuma or San Juan counties.Have five employees or fewer.The owner must qualify as a low or moderate income earner or a low- or moderate income job must be created based on federal standards.For more information, visit www.scan.org or contact Jenny Stollar at 247-9621 or [email protected].