Economic Development

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The Community and Economic Development Services Department provides the Region's economic development strategy, works on priority efforts under a regional action plan, and promotes coordinated economic development efforts. OCWCOG supports local economic development initiatives through research, grant writing, project development and management, and technical assistance.

By The Numbers

59
Number of Jobs Created or Retained

$2,237,400
Amount of Money Loaned this Fiscal Year

Current SBA Rates

Rates for U.S. Small Business Administration (SBA) 504 Loans

• 2.84%* fixed for 10 years
• 2.96%* fixed for 20 years
• 3.03%* fixed for 25 years

*Estimate based on pricing published by the National Association of Development Companies (NADCO) the first Thursday of each month. 20-year term loans fund every month; 10-year term loans fund every other month. Effective interest rates are inclusive of servicing fees.