Carlton County approves $1.86M for economic development loans

Carlton County approves $1.86M for economic development loans

CARLTON — The Carlton County Board of Commissioners authorized $1.86 million for loans to support economic development projects across Carlton County. The County Board on Monday, March 24, unanimously approved the transfer of funds to the Carlton County Economic Development Authority at the request of Carlton County Economic Development Director Ryan Pervenanze. The funding can be used for loans to support business development projects, and for …

County pauses loan for office project

The county board agreed to infuse $1.86 million in county money into its economic development loan program on Monday in Carlton. But the board held off on issuing any of those funds as county officials work feverishly to update policies and procedures regarding the loan process. The decision left the leadership team from Edward Jones stewing in the lobby of the Transportation Building. They...