Milk River, AB
Partnership between Community Futures, the Town of Milk River and the Milk River Business Association for a Downtown Business improvements loan/grant program. The town and business association chipped in X amount of dollars to provide business owners in Milk River with the opportunity to apply for a loan with CF up to $10,000 with a 20% grant to go towards renovations/improvements to their businesses.
The program has been a huge success as 12 loans were disbursed in the first year while using up all funds designated to the program. CF was able to leverage over $120,000 between the 12 businesses that took advantage of the loan program and 8 jobs were created. Currently the partnership is in talks of continuing the program for another year based on the amount of interest in the program.