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deal closing fund  
DEAL CLOSING FUND
 
   

We are truly one of the few local communities who offers a "Deal Closing Fund' for economic development projects. The fund consists of private money managed by the "21st Century Council of Lawrence County" a private arm of the Lawrence County Chamber of Commerce. Highlights include:


Flexible funds used at the discretion of the Chamber of Commerce Executive Director

Used to close deals

Used when serious competition exists with another community

Grant money not required to be repaid unless job creation promises are not met by the company receiving the funds

Amount of granted funding depends on job projections, investment, and total wages

To contriubte to the "21st Century Council's Deal Closing Fund" call us at 931-762-4911.

Two deals were secured in 2008 using this fund money creating a total of 303 new jobs.