The Wayne County Commissioners, in partnership with the Wayne Economic Development Corporation (WEDCO), created a new funding option for business development in Wayne: The Wayne County Economic Growth Fund. This fund provides grants to for-profit entities for the purpose of undertaking activities that will encourage and support economic growth and job creation within Wayne County, Pennsylvania.
The program is administered by WEDCO on behalf of the County Commissioners. Through this program, businesses may be awarded a grant up to $2,500 for eligible projects not related to loan application fees, or up to $10,000 for the purpose of paying eligible loan fees. The grants have private investment match and job creation requirements. The funds may be used for land and building acquisition, construction and renovation, machinery and equipment, or working capital. Projects that would have a significant economic development impact on the County may be eligible for a grant/loan combination exceeding $10,000.
The Wayne County Economic Growth Fund is an important investment in the County’s sustainable future. WEDCO Executive Director Mary Beth Wood said, "Local investment in local business development is an important strategy identified by Wayne Tomorrow! to promote entrepreneurial activity. The new grant program will directly support job growth in Wayne County. WEDCO is very pleased to partner with the Wayne County Commissioners and administer the grant program on their behalf.
This fund will help create new jobs, attract new and growing businesses to Wayne County, and build a strong, lasting relationship between county government and business professionals.
For more information about the Wayne County Economic Growth Fund, please contact WEDCO executive director Mary Beth Wood at email@example.com.