After PACRO’s federal funding stream halted in 2006, the organization switched from providing grants to issuing loans to help support economic development in its impact counties. Any development project within PACRO’s five-county region is eligible for a loan through the program.
Today, the revolving loan fund has roughly $1 million remaining with several outstanding industrial and entrepreneurial notes.
For applications and more information on PACRO’s loan program contact Scott Darnell, PED President/CEO & PACRO Executive Director or Nora Rikel at 270-575-6633.
The PACRO Loan Program
Before starting the revolving loan program, PACRO issued grants to the following five communities to construct spec buildings:
Paducah, McCracken County
Benton, Marshall County
Mayfield, Graves County
Metropolis, Massac County