Officers purpose to supply 30% of its small enterprise loans to native minority and immigrant-owned companies.
LOUISVILLE, Ky. — Louisville officers have launched a small enterprise mortgage program meant to deliver again the vibrancy of downtown.
The Louisville Downtown Partnership (LDP) launched the mortgage program to financially assist small enterprise homeowners who wish to open storefronts in downtown Louisville.
The Downtown Small Enterprise Mortgage was created to “improve vibrancy in downtown Louisville”, in response to an LDP press launch.
Rebecca Fleischaker, government director of LDP, stated the nonprofit desires to beat Louisville’s hurdles in relation to opening small companies and making certain they keep in enterprise.
“This product’s purpose is to assist entice or develop new road degree companies, which creates extra vibrancy on the road, boosts job creation, and reduces ground-floor emptiness, all of which improves security in Downtown,” she stated.
In line with the LDP, 85 companies have closed and 106 companies have opened in downtown Louisville since 2020.
Via the fund, officers hope to supply 30% of its small enterprise loans to native minority and immigrant-owned companies.
Solely companies inside Louisville’s Central Enterprise District are eligible for this mortgage, in response to the discharge.
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