Paulding Putnam recently gave the Village of Ottoville a $360,000 loan for industrial park infrastructure expansion through the United States Department of Agriculture (USDA)’s Rural Economic Development Loan & Grant Program. This is Paulding Putnam's first USDA loan to establish a Revolving Loan Fund (RLF), which will help future community and business expansion efforts.
These initial zero-interest loans help local villages, cities, and nonprofit entities – they cannot go to for-profit companies.
“Paulding Putnam is proud to help support local economic development and job creation efforts,” said Paulding Putnam President and CEO George Carter. “This loan would not be possible without the USDA. We look forward to working with the Village of Ottoville as they further develop the industrial park and prepare for the next phase of attracting businesses and jobs to our region.”
To learn more about economic development or other community programs the co-op participates in, contact Paulding Putnam at (800) 686-2357 or visit the Economic Development page.