Economic Development

Lake County Community Economic Development Department provides business finance services through a variety of programs. It provides access to business capital through the Lake County Revolving Loan Fund (RLF) and a number of other business finance and business assistance programs. This can be direct assistance or indirect assistance via referral. Funding sources include; Community Development Block Grant (CDBG) funds, the U.S. Small Business Administration (SBA) Loans, the Indiana Department of Commerce (IDOC), Tax Increment Financing (TIF) and Industrial Development Revenue Bonds (IDBs), and loan participation with the Commercial Banking Community.

Examples Of Public/Private Partnerships:

• Shopping center development - County, through its Redevelopment Commission, provided 9 million dollars and leveraged more than 150 million dollars of private investment. (TIF Bonds)
• Large steel processing facility - County provided gap financing to help create 100 new jobs. (RLF and Commercial Banks)
• Industrial expansion - a local manufacturer was able to expand with infrastructure assistance. (County and IDOC)
• Small Manufacture - a small manufacturer received assistance to install water and sewer lines. (CDBG)