Disaster Preparedness • Economic Recovery • Resilience

Case Studies: Revolving Loan Funds for Disaster Recovery

 

Small businesses are the backbone of any local economy, yet they often lack the financial resources to weather the impacts of man-made and natural disasters. To help small business survive these events, an increasing number of economic development organizations are offering financial and technical assistance like revolving loan funds (RLFs). With this briefing from the International Economic Development Council learn how your community can use RLFs for disaster recovery.
Case studies include:

East Central Iowa Council of Governments (ECICOG): RLF for Cedar River flood recovery

Upper Minnesota Valley Regional Development Commission (UMVRDV): RLF for flood and storm recovery in rural agricultural communities

North Carolina Small Business Recovery Fund: Recovery fund for disaster-impacted small businesses, established for post-hurricane recovery

Acknowledgments

This research project was accomplished through the U.S. Economic Development Administration (EDA). The statements, findings, conclusions, recommendations, and other data in this report are solely those of IEDC and do not necessarily reflect the views of the U.S. Economic Development Administration. This report is part of a larger compendium of research and technical assistance produced by IEDC and funded by the aforementioned U.S. Economic Development Administration (EDA) grant, which focuses on long-term economic recovery of disaster-impacted communities. IEDC greatly appreciates input and assistance received from its members and stakeholders who participated in research and interviews for this report, and would like to acknowledge those who contributed greatly to the content of this report.