Money for Small Businesses on Light Rail Project Going Unclaimed | News
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Money for Small Businesses on Light Rail Project Going Unclaimed
Money meant to help small businesses survive during light rail construction is going unclaimed. A few months after the city of St. Paul launched a 4 million dollar loan program, about 40 out of 500 businesses have applied.
The loan project manager believes businesses will try and claim up to twenty grand, they're just waiting for construction season to end in November. The loan is forgiven in 5 years, if the business stays on the light rail line.
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