City of Hobart AgendaPacket Regular Meeting 2026-06-03
Hobart Approves $500K Loan Fund Management by NWIRGF
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Description
The City of Hobart approved a $500,000 grant agreement with Northwest Indiana Regional Growth Fund, Inc. to establish and manage a restricted revolving loan fund supporting local economic development and business projects.
Contract Details
Contract Amount
$500,000.00
Vendor
NORTHWEST INDIANA REGIONAL GROWTH FUND INC
Agency
City of Hobart, IN
Contract Type
FINANCIAL_SERVICES
Document Date
June 3, 2026
Contract Term
To be completed in 2026; fund duration not specified
Renewal Info
Ongoing as long as the fund is maintained for its intended purpose; modifications possible upon parties' agreement or court approval.
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