EDA Approves $50,000 Forgivable Loan Program
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Description
The Economic Development Authority approved a 2026 Forgivable Loan Program totaling $50,000 in support of local business improvements. The Chamber and EDA will promote and administer the program under set guardrails.
Contract Details
Vendor
OWATONNA AREA CHAMBER OF COMMERCE
Agency
Town of Owatonna, MN
Contract Type
FINANCIAL_SERVICES
Document Date
April 21, 2026
Contract Term
2026 Forgivable Loan Program year
Renewal Date
2026-12-31
Renewal Info
Program renewed for 2026 with stipulation of no repeat projects at the same property and all outstanding receipts due by end of 2026.
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City of Owatonna Council Meeting Agenda May 19, 2026
City of Owatonna Council Meeting Agenda May 19, 2026
City of Owatonna Council Meeting Agenda Packet May 19, 2026
City of Owatonna Council Meeting Agenda Packet May 19, 2026
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