Economic Development Loan Fund
The PADD Revolving Loan Fund (RLF) was created to meet the following goals in the Panhandle of Nebraska.
The RLF provides for subordinated gap financing, in conjunction with local finical institutions, as well as direct financing in some cases: to meet the goals of the fund. These loans are perfect for financing fixed assets such as land, buildings, equipment, as well as working capital or inventory.
The RLF is available to economic development projects within the 11-county region that makes up the Nebraska Panhandle.
What is a Social Enterprise?
Social enterprises are businesses whose primary purpose is the common good. They use the methods and disciplines of business and the power of the marketplace to address a social, environmental and human justice need.
At the heart of this work was the desire to carve a path for the linkage of economic and community development based on common values and vision, as well as
Funding support for this effort is broken into two streams: the Innovations and Investment Fund to support Social Enterprise businesses; and the Greater Good Fund to support community projects that are sustainable and beneficial to the whole community.
Applications for Greater Good grants are received by May 30th and November 30th each year. Funds will be awarded as a one-time cash infusion to generally not exceed $50,000. Awards are made by July 1 and January 1 of each year.