Update on Lexington’s Job Fund

On Tuesday, November 28th, the BFED Committee will hear a presentation on the Jobs Fund. This program was created in 2013 to provide funding to businesses that commit to creating and retaining jobs in Lexington.

Eligible businesses can receive a $100,000 forgivable loan or a $250,000 non-forgivable loan. Currently, the program has brought 306 jobs to Lexington through $3.88 million of loans, leaving roughly $1.4 million left in the fund. You can review the entire presentation here.

The Budget, Finance, & Economic Development Committee will meet on Tuesday, November 28, 2023 at 1:00 pm in Council Chambers. You can attend this meeting in-person or watch live on LexTV.

Republished from CivicLex.

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