The Fairmont Economic Development Authority heard a presentation by Eric Snyder of Prosper in Martin County, the Fairmont Area Life Resident Recruitment Campaign and the Downtown Revitalization project on Monday night during their meeting. Prosper in Martin County is a funded by the Schmeeckle Foundation to the tune of $250,000 and is directed at child care provider development.
The authority also approved a loan of up to $7,353.50 (50 % of the estimated cost of the project) at 3% interest for 5 years for Jeff Rouse who plans on restoring and repairing the building at 109. W First Street to bu used as an antique shop. A dollar for dollar match is required and the money comes from the Micro Loan Revolving Fund.