Economic Development

Responsibilities


The Economic Development Division manages the Athens-Clarke Growth Fund (ACGF) to assist small businesses with locating or expanding in Athens. Loan funds are available at the prime rate of interest to businesses that commit to creating new jobs for area residents. The ACGF is designed to leverage financing from area banks and can fill the gap between opening and expansion costs and the amount of funds committed by a bank and business owner. While credit terms for the ACGF are similar to that of a bank, the ACGF will accept a second position on collateral behind the bank.

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