Governor Markell Announces Wilmington Trust to Participate in Small Business LIFT Program

Governor Markell Announces Wilmington Trust to Participate in Small Business LIFT Program

More info: governor.delaware.gov Governor Jack Markell, along with Delaware Economic Development Office (DEDO) director Alan Levin, and Robert VA Harra Jr., president and chief operating officer of Wilmington Trust, announced the participation of Wilmington Trust in the Governors Limited Investment for Financial Traction (LIFT) program. This initiative aims to help Delaware small businesses survive the economic downturn. The LIFT program uses $5 million from the states Strategic Fund to subsidize the interests on small-business loans. Businesses receiving the LIFT subsidy will repay the money to the state after two years, with the individual business owners themselves giving personal guarantees as part of the program.

From: DelawareGovernment

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