Wexford County Receives $210,000 Community Development Block Grant

 

From MEDC reports:

Wexford County has received $210,000 in Community Development Block Grant working capital loan funds for the Harrietta Hills Trout Farm expansion project in Slagle Township, near the Village of Harrietta.  The company specializes in the production of rainbow trout and has partnered with Superior Foods of Grand Rapids to process fish. The expansion project will include the creation of six jobs. The loan will be used to operating expenses such as inventory, receivables, equipment leases, licensing permits, marketing and costs associated with the addition of staff. The Traverse City Area Chamber Foundation will serve as the CDBG Revolving Loan Fund manager.

The Michigan Business Development Program provides grants, loans and other economic assistance to qualified businesses that make investments or create jobs in Michigan, with preference given to businesses that need additional assistance for deal-closing and for second stage gap financing. 

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