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� 1 1!! '! �� 1 ti 1 1 4 I I' Ramsey County Business Loan Program `p`i`i`�f"`rv i� ' The Ramsey County Housing and Redevelopment Authority provides gap financing for new or expanding businesses for real estate and/or purchase of capital equipment. CDBG funds will be used to facilitate the creation/retention of Jobs in Ramsey County. At least five full-time jobs must be created for each loan and at least 51% of those jobs must be I. � available to low or moderate income workers. Loans are repaid at below -market interest rates and terms consistent with � private financing. Nine loans that have been made resulting in 200 new/retained jobs for Ramsey County reside , and 4� repayment of $235,000. Reinvestment of an add�i:onal $145.000 in program income will bring the estimated funds available for new loans in 1997-98 to $745,000. With this level of funding, the �ms�y County HRA expects to be able I � make 35 new loans. Job Training - Women Achieving New Directions $17,4(p The Employment Action Center will provide comprehensive employment upgrading to 10-12 working women in suburban Ramsey County who are eligible for welfare benefits and are the sole support of their children. The project is designed to enable at least 60 percent of the participants to increase their earned income by 25 percent through career advancement. Participants attend a`series of workshops, receive one-on-one career assessments, and benefit from mentoring relationships with other women in similar fields. With Ramsey County CDBG funding, WAND has helped 46 women who have increasing their earnings by an average of 30 percent. Job Development - Ramsey Co. Jobs and Training/St. Paul Urban League $20,000 Funding made available to Ramsey County Jobs and Training will be used to help fund a pilot reverse commute job development program into suburban Ramsey County. Saint Paul Urban League staff will work with major employers in suburban Ramsey County, employment centers, and residents from selected census tracts to determine employment opportunities and transportation/child care requirements to design a workable reverse commuting program. Community Development Block Grant funding will be combined with approximately $68,000 from several other public and private sources. 1Vfiscelianeous Ramsey County Parks $ �,� Many of the fiYtures in the Ramsey County Tony Schmidt Park located in Arden Hilfs were installed at a time when there was less sensitivity to the recreational needs of severely disabled residents. The Ramsey County Department of Parks and Recreation will receive CDBG funds to remove architectural barriers preventing handicapped citizens frem participation. Improvements to existing circulation, toilet/shelter facilities, andpark equipmentwill be made thatwiil enable disabled individuals and their families to use these public facilities. Program Administration and Monitoring $?94,000 Ramsey County will manage the implementation of the program and coordinate the use of CDBG funding in compliance with federal laws and regulations. Specific line items related to the administrative budget have been prepared and submitted for internal review by the County Manager and Budget and Accounting. The approved budget will subsequently be included in the 1998 County Budget which will be distributed later in the Fall. n:lhra�projsumm.wpd 2 �0