WASHINGTON, D.C. – Today, U.S. Senator Sherrod Brown (D-OH) announced that the United States Department of Agriculture (USDA) has awarded a $100,000 grant to the City of Trenton to create a revolving loan fund as a part of the Trenton Development Program. The fund will offer low-interest loans for qualified applicants in order to encourage local businesses to invest in their property.
“This federal investment in Trenton will not only support community services, but will also lead to more jobs and economic growth,” Brown said. “Good things are happening in Butler County, and this program is evidence of that.”
The City of Trenton has previously lacked robust commercial development, resulting in inadequate community services and insufficient revenue from income and property taxes. The Trenton Development Program seeks to facilitate downtown development to foster growth and help the city better address community needs.
The funds for this grant are a part of the USDA’s Rural Development initiative. Brown helped secure a strong Rural Development title in the 2014 Farm Bill, and is continuing to advocate for Rural Development programs in the 2018 Farm Bill.