CARES loans assisted local businesses
Nine businesses in Koochiching County got help in recovering from the effects of the pandemic with help as part of a $3.88 million dollar investment in in the seven counties of northeast Minnesota. Funded by the Federal Economic Development Administration through the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Arrowhead Regional Development Commission distributed the money in the form of low interest urgent loans – up to $75,000 per business.