New Program Supports Economic Development in Hardin County

Kenton, Ohio – The Hardin County Commissioners today passed a resolution to create the Hardin County Local Revolving Loan Fund as part of an effort to support economic development in Hardin County.

The program, created in partnership with the Hardin County Chamber and Business Alliance, is designed to provide gap funding, in the form of low-interest loans, to those looking to establish or expand a business enterprise in Hardin County.

The Hardin County Local Revolving Loan Fund is administered by a Governing Board, including Holli Underwood, Hardin County Director of Economic Development; Mike Bacon, Hardin County Auditor; Tim Striker, Hardin County Commissioner; Mat Jennings, CEO of Quest Federal Credit Union; Chris Jones, President of HSLC; Bret Baumeister, Commercial Lender at The Middlefield Banking Company; and Richard Walden, President of Sheldon Gas Company.

Mike Hood of Ada serves as legal counsel for the program.

The program is being initially funded by the Hardin County Commissioners, with additional loans made available as initial loans are repaid. Details on the Hardin County Local Revolving Loan Fund, including eligibility requirements, are available by contacting the Hardin County Chamber and Business Alliance at 419-673-4131.