Gov. Nixon in Jackson: announces $27 million in new loans

JACKSON, MO (KFVS) - Governor Jay Nixon was in Jackson Thursday morning to host a roundtable discussion to detail $27 million new loans to help small businesses create jobs.

Nixon met with entrepreneurs at Main Street Flooring & Interiors.

The business owners were mostly from the Cape Girardeau and Jackson area, but one businessman came up from Kennett.

The governor asked the business owners to be candid about what's working and what's not these days.

All of them said business was starting to improve after a very rough past couple of years.

They also talked about challenges including difficult access to credit and loans.

Governor Nixon said in March the U.S. Treasury Secretary approved Missouri's application for $27 million in federal funding through the new State Small Business Credit Initiative.

Nixon's administration is investing these funds to help create new jobs and spur more than $269 million in additional small-business lending in the state.

The Missouri Department of Economic Development and the Missouri Technology Corporation will manage the program.

"If companies need help we want to help them grow," said Governor Jay Nixon.

Applications for these loans will be available starting Friday, April 8 at the official state of Missouri website.

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