Ward announces Minnesota military reservist economic injury loan
Rep. John Ward, DFL-Brainerd, recently announced the availability of the Minnesota Military Reservist Economic Injury Loan Program. This program is designed to help small businesses that have an essential employee or employees deployed in the military reserve for 180 days or longer, and as a result, are likely to sustain economic harm.
The program offers four 4 1Ú2 year onetime loans that are interest-free and are available in amounts from $5,000 to $20,000. No repayment is required for the first 18 months of the loan; monthly repayments are made over the remaining three years of the loan term. The revolving loan fund totals $400,000; applications will be accepted and loans made until all funds are committed.
"It's easy to forget that when Guard members leave their jobs for active duty, their employers often face a significant financial hardship," said Ward. "I encourage every small business owner who employs Minnesota Guard members to look into this opportunity, especially during this economic slump."
More information may be obtained by visiting www.deed.state.mn.us/bizdev/MnMilitaryREILP_Intro.htm.
Bastille Day picnic planned Tuesday
Le Cercle Francais of Brainerd, a French conversation group, will meet 5:30-6:30 p.m. Tuesday at Lum Park in Brainerd to commemorate Bastille Day, a French holiday.
Anyone who would like to converse in French is welcome to attend. Please bring a snack or other food item with a French theme to share and a beverage. The group will meet at one of the covered areas.
The event will be canceled if there is stormy weather or heavy rain.
School committee to meet in closed session
The Brainerd School Board's Personnel Committee will meet 6:15 p.m. Monday in a closed session to discuss contract negotiations strategy.
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