Town of Parksley Awarded $100.000

The Town of Parksley has been awarded $100,000 by the Department of Housing and Community Development to create a business loan fund to encourage business expansion and job creation. This loan fund is a part of the town’s grant to construct a community fiber-optic network in conjunction with the Eastern Shore Broadband Authority.To be eligible for a loan, existing Parksley businesses must be expanding their services and other businesses must be locating to Parksley. The business owner must be willing to commit to the creation of one new job per $10,000 borrowed. The Town of Parksley will accept applications on a first-come, first-served basis. The first step will be to complete a pre-application identifying the owner, type of business, location of operation, purpose of the loan and sources of additional funding. The application package is now available at Parksley Town Office from 9 a.m. to 5 p.m., Monday through Friday. The loan committee will meet June 23 to begin reviewing applications.