Earlier today Jackson council president Jennifer Kuhn issued a press release announcing that the Economic Development Council had met for the first time in 5 years. Coming out of that meeting Kuhn said that the Council "will begin providing local businesses with information and opportunities such as aiding businesses in finding appropriate grants from the Small Business Administration and to guide them in the right direction to obtain PPP loans needed for expansion and growth."
Local business owners excited by the news are sure to be disappointed to learn that the SBA does not provide grants to small businesses and the PPP Loan Program ended on May 31, 2021.
According to the SBA website, "SBA does not provide grants for starting and expanding a business. SBA provides grants to nonprofit, Resource Partners, and educational organizations that support entrepreneurship through counseling and training programs."
The same SBA website states "The Paycheck Protection Program (PPP) ended on May 31, 2021. Existing borrowers may be eligible for PPP loan forgiveness."
Kuhn did also suggest that North County Line Rd is ripe for commercial development and that the township would offer incentives to attract new business. Those incentives would likely include tax abatements for developers.
Residents are unlikely to support further development in town that does not contribute to the tax base.
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