FOR IMMEDIATE RELEASE
Contact: Jesse Cordray, Press Secretary
STATEHOUSE (Aug. 27, 2020) — Lt. Gov. Suzanne Crouch and the Indiana Office of Community and Rural Affairs (OCRA) recently announced 42 rural communities, including Marshall County, will receive more than $10.09 million in federal grant funding to support local businesses, said State Sen. Stacey Donato (R-Logansport).
Marshall County is receiving $250,000 to create the Marshall County Crossroads Loan Program. This county-wide microloan program will be used to provide funds to businesses or employees of businesses that earn less than $1 million in gross annual sales and have fewer than 20 low-to-moderate income employees.
"I encourage small businesses in Marshall County to take advantage of this opportunity," Donato said. "Our rural district depends on small businesses, and I hope this new source of funding will alleviate some of the financial burdens our small businesses feel as we continue our fight against COVID-19."
Lt. Gov. Crouch previously announced 61 recipients of phase one of the COVID-19 Response Program, who received more than $10.7 million in funding.
For further information on the program, click here.