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providing loans at zero percent interest, and offering deferment on all loan payments until October 2020. <br /> <br />Other communities like Grand Rapids, Pine City, Kasson, St. Paul, Meeker County Development Corporation <br />are offering varying microloan options to the businesses affected by COVID-19. <br /> <br />Staff would like to review a few of these policies and have the EDA direct staff on potentially adding an <br />additional program within our current microloan program to assist our local businesses. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> City of Elk River Economic Development Business Microloan Program (2017) <br /> Grand Rapids, MN RLF Program <br /> Pine City RLF Program <br /> Meeker County Development Corporation RLF program <br /> Kasson, MN RLF program <br /> City of St. Paul RLF Program (link only) <br />o https://www.stpaul.gov/departments/planning-economic-development/saint-paul- <br />bridge-fund/saint-paul-bridge-fund-small <br /> <br /> <br /> <br /> <br /> <br />