Economic development means a stronger economy for our cities and towns, counties, region and state.
What does the Economic Development Department do?
Lower Savannah is the designated regional Economic Development District (EDD) through the US Department of Commerce Economic Development Administration (EDA). The Economic Development Department assists local governments in the region with eligibility for EDA assistance through the development and implementation of a Comprehensive Economic Development Strategy (CEDS). The CEDS supports the development of projects that improve the region’s economic competitiveness and create permanent full time jobs.
The wide range of projects we assist with include
- Educational facilities
- Infrastructure improvements (water, sewer, rail)
- Economic development strategic planning
Staff Assists with
- EDA and other economic development technical assistance
- Grant application
- Grant administration
Please click on the following link to access the CEDS 2017-2022 Comprehensive Economic Development Strategy (CEDS)
US Department of Commerce Economic Development Association
Revolving Loan Fund Program (RLF)
LSCOG has partnered with the Catawba Regional Council of Governments to assist small businesses in obtaining financing to help them grow and expand. The loan fund program is designed to be flexible and fill the gap between the financing available from traditional private sector lenders and the total financing need of the business. Terms and rates are tied to job creation.
By sharing risk, RLF involvement helps to limit the primary lenders risk. Extended terms offered by the RLF can help improve the borrowers cash flow, which will help improve the chances for success. For more information call the Executive Director at 803.649.7981.