UMVRDC RLF Update
The UMVRDC Revolving Loan Fund (RLF) works to help businesses by creating a financial package to fund their start-up or expansion project. A primary focus of the UMVRDC’s RLF is job creation and retention in the region. Northern Geo in Appleton, MN was able to utilize RLF dollars once again to expand their business and acquire a new product line. With this new expansion, they will be able to retain and create an additional 21 jobs within the region.