City creating RLF for new, start-up businesses

Sidney is pursing federal and state grant opportunities to create a revolving loan fund for new and start-up businesses.

"In the last few months a couple of newer start-up type companies have approached myself and the city wanting to know what we could do to help them out in terms of either growing a new business, purchasing an existing business, or starting up a new company from scratch," Melissa Norgard, city economic development director, said.

Such businesses, though, don't meet the requirements for city LB840 grant funds.

"With that plan you need to create at least five new jobs, and t...