State Loan Programs Fuel Downtown Revival
Monday, July 14th, 2014
Downtown Rome has aggressively gone after low-interest loans available through several state community redevelopment programs.
Since the year 2000, Rome has received 30 state community development loans from various sources, including $3,458,250 from the Georgia Department of Community Affairs and $2,356,900 from the Georgia Municipal Association’s Georgia Cities program.
Combined with loans from the Appalachian Regional Commission and a city fund, the money helped back 27 projects that have generated more than $23.5 million in private investment and 330 jobs in the downtown district.
