Revolving Loan Fund A Success
Fond du Lac County Executive Al Buechel says a component of the Fond du Lac County Economic Development Corporation will remain in place following the creation of a new organization out of the affiliation with the Fond du Lac Area Association of Commerce. He says that the FCEDC administers the revolving loan fund that uses monies from the County sales tax for economic development. He says interests County wide will continue to be represented. He says loans to Mercury Marine, Alliance Laundry Systems, and smaller companies have impacted nearly 4,300 jobs and the businesses they gave loans to have an annual economic impact of over $1 billion. He says over 2,500 new jobs have been created and 1,764 existing jobs were retained. He also says the loans have leveraged over $1 billion in investment. Buechel says the revolving loan fund has been a success and they will need to put more money into it to keep it going.