Through the Economic Growth Fund program, businesses may be awarded a grant up to $2,500 for eligible projects not related to loan application fees, or up to $10,000 for the purpose of paying eligible loan fees. The grants have private investment match and job creation requirements. The funds may be used for land and building acquisition, construction and renovation, machinery and equipment, or working capital. Projects that would have a significant economic development impact on the County may be eligible for a grant/loan combination exceeding $10,000.
The Wayne County Economic Growth Fund is an important investment in the County’s sustainable future. This fund will help create new jobs, attract new and growing businesses to Wayne County, and build a strong, lasting relationship between county government and business professionals.