New Micro-Loans Available Through Outside Partnership With UCDD
The UCDD Micro-Loan program has doubled it’s original pool of money to roughly $500,000 since starting. During 2021, the program has even found a partner outside the region to offer more options to small business startups. UCDD Executive Director Mark Farley said loans up to $50,000 are now available. “We are marketing their loan programs […]
Jackson County Chamber Voting To Add First Paid Position
A candidate has been selected and awaits approval as the first Jackson County Chamber of Commerce Executive Director. President Jordan Hunter said this will be the first paid position at the chamber. Hunter said the candidate needed to have as much versatility, as the county wants to see in its economic development. “Trying to bring […]
Tech Spearheading Research On Economic Disasters
Tennessee Tech is researching how small businesses and communities have responded to economic shocks. Tennessee Tech Center For Rural Innovation Lead Researcher Payton Womack said the goal is to create a plan to better respond to disastrous events in the future. Womack said an actual manual will be composed based on feedback from business owners […]
$1 Million Investment Into UCDD Micro-Lending From Outside Group
An outside investment group interested in putting $1 million into UCDD’s Micro-Lending Program. UCDD Executive Director Mark Farley said the investment group had been working with Upper Cumberland banks through a federal program. Farley said that now the group is interested in helping UCDD spur business growth. “One of the reasons why they approached us […]
Big O Donuts Relocating After 47 Years
Cookeville’s Big O Donuts is scheduled to move to a new location later this month. Owner Tom Bonning said the business has to leave due to the building being bought by an accounting office. “The building got sold without being offered to us. I’ve been trying to buy it for the last eight years and […]
