The Windsor Locks Board of Selectman recently approved a Microenterprise Loan Program to promote economic development in the Downtown Tax Increment Financing (TIF) District. Funding for the program will come from the revenue produced by the recently adopted Downtown TIF District. The program will stimulate business activity by making low-interest loans to start, expand or improve businesses within the TIF District.
Charla Stetson, CEO of WLFCU, noted how proud the Credit Union is to form this partnership with the town and stated “Windsor Locks Federal Credit Union has been a pillar of the community since 1940, and we look forward to helping Windsor Locks businesses succeed, as well as supporting the town in this exciting phase of economic development”.
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