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REVOLVING LOAN PROGRAM

Over the past few years, the City of Fowler has been awarded more than two million dollars in economic development grants from the State of California’s Community Development Block Grant (CDBG) Program. The purpose of the grants are to promote economic development and create jobs in small communities. With the aid of these funds, the City has implemented a “Revolving Business Loan Program” for local business development and expansion projects. Some of the businesses that have already benefited from this program are: Dave’s Auto Service, Bobby Salazar’s Taqueria, H & H Tire, Central Valley Honda-Polaris, Empire Equipment Company, and Picker Parts. The business loans are provided as “gap financing” in conjunction with the business’ own primary financing for their project. The interest rate offered on the loans is extremely low - only two (2) percent! One of the requirements of qualifying for a business loan is that the project must create a minimum amount of jobs for a targeted income group, calculated at 80% of the area median income. The City has also used the CDBG funds to provide infrastructure improvement grants, which have helped make facilities available for businesses to locate to properties in Fowler.

OPPORTUNITIES FOR BUSINESS EXPANSION

Fowler has much to offer to businesses wishing to expand or relocate, with prime land available in its large industrial corridor. The area is conveniently located next to Highway 99, Golden State Boulevard, Southern Pacific railroad and Manning Avenue.

Commercial growth in the corridor increased in momentum with the new millennium. Several major businesses such as Bobby Salazar’s Taqueria, Vermeer Inc., Central Valley Honda-Polaris, Empire Equipment Company, Seattle-Tacoma Box Company, El Mexicano Restaurant, and an Arco Gas Station/Mini-mart have chosen this area as the place to locate their growing business. Many of these businesses were able to expand with the assistance of the City’s Revolving Loan Program. McDonald’s/ Chevron and DataWorks, an educational research facility, have also chosen Fowler as their business location. A new Johnny Quik Mini Mart/gas station, combined with a fast food restaurant, is currently being planned for the area near Hwy 99 and Golden State Boulevard.

ECONOMIC DEVELOPMENT CORPORATION

The City of Fowler contracts with the EDC to assist with recruitment of businesses and industries, and also retention and expansion of existing businesses. They also assist in job creation.

Contact: Bruce O'Neal, Planning Consultant

City of Fowler
128 S. 5th Street
Fowler, CA 93625
(559) 834-3113 extension 122
(559) 834-0185 Fax
boneal@ci.fowler.ca.us

OFFICE HOURS: Mon-Fri 8:00 am to 5:00 pm
LUNCH: 12:00 pm to 1:00 pm

 
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