Community Development Fund Press Release
Financial Assistance Application
Coshocton Committee of 100
Building Coshocton County for a
better tomorrow!
The Committee of 100 was founded in September, 2008 by
Edward Jones broker Mike Remington of Coshocton.
Mike recruited
Chuck
Hathaway of Hathaway Construction in Coshocton to serve as
co-chair for the purpose of recruiting 100 individuals, businesses, and
organizations who would contribute $100 a month to a Community Development Fund
housed at the Coshocton Foundation.
T
he Committee was
formed out of an extensive one-year planning effort coordinated by Buehler's
Grocery in Coshocton, the Port Authority, Chamber of Commerce among others.
All proceeds are managed by
the Coshocton Foundation and can only be released by its distribution committee
and the Coshocton Port Authority's Board of Directors for the following
purposes:
Provide financial support
for entrepreneurs and small businesses.
Acquisition of land and other site development costs
associated with establishing or expanding a business and commerce park.
Provide lease subsidies or business development grants
of up to $25,000 to private enterprises which will create jobs within
Coshocton
County.
Provide relocation assistance grants of up to $2,500 for
Coshocton
County high school graduates who
return and create a new business.
Use to fulfill local match
requirements for economic development activities supported by the state or
federal government.
The Port Authority is who should be contacted by
businesses and entrepreneurs with an interest in applying for financial
assistance from the fund.
It is intended to
be a unique and competitive incentive offering for private enterprise.
Contributions to the fund are considered to
be tax deductible.
Participants, however,
are encouraged to consult with their accountants to determine the level of
benefit that may be realized as the result of making contributions.
The concept of the Committee of 100 involves a
process that encourages each member to recruit 1-2 new members to attain the
goal of 100 contributing members.
Members to date include Mr. Remington, Mr. Hathaway, Mr.
Bruce Wallace who is owner of WTNS Radio in
Coshocton, Rainbow Hills Winery located north of
West
Lafayette, AUER Ace Hardware in Coshocton, Ohio Heritage
Bank in Coshocton, the Kiwanis Club of Coshocton among others.
Make
a
difference in your community today - sign up.
Contact Coshocton Port Authority at
(740) 622-7005 for a registration form or contact Mr. Remington at (740) 623-8084
or Mr. Hathaway at (740) 622-0863.
FOR AN
APPLICATION FOR GRANT FUNDS CLICK
HERE.
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