::  Wayne County sponsors the Urban Loan Fund for minority-owned businesses anywhere in Wayne County, and any small business in a distressed community.

::  The fund targets small, established companies that need financing to expand, modernize and compete in the economy. The benefits include financing for fixed assets, low equity requirements and below-market fixed interest rates. The source of the loan fund is the EDA through the State of Michigan, and it is administered by the Metropolitan Growth and Development Corporation. As of April 2002, the County loaned $2 million which leveraged additional investment of $14.4 million.

::  This loan program is available for any minority-owned business or any small business in Detroit, Ecorse, Hamtramck, Highland Park, Inkster, River Rouge or other designated distressed community. Program loans 30% of projects under $200,000.

::   Eligible projects include:

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