County Economic Development Effort Targets Small Biz, Home Loans

DeKalb County is touting its new economic development program, a five-year, $6.3 million deal with the Development Authority of DeKalb County signed Thursday.

Authority Chair Vaughn Irons says county residents will soon see a new small business loan program and a program targeted at potential and existing homeowners, reports WABE radio.

 “If you have a job in DeKalb County, and you purchase a home or you want to refinance your home, the development authority will have a new program that will provide 3 or 5 percent in down payment gifts in order to assist people in staying in the county and keeping their wealth that they earn in the county,” Irons said.

The contract was signed in the parking lot of the Kensington MARTA station to emphasize its potential for development.