How does MAY Coalition accomplish its mission?
MAY Coalition has two loan programs. One is for any qualifying business that agrees to create new employment opportunities for residents of the three counties. These loans can range up to $250,000. The jobs created must be full-time and non-seasonal and must pay at least $6.00 per hour. Generally one job is created for each $20,000 of loan. The second loan program is for low to moderate income business owners. The difference is that these businesses do not necessarily have to create new employment opportunities for others. The loans can be used as an investment to enhance the owner’s income. These loans are limited to amounts up to $25,000.
