The World's Largest Resource for the Cart, Kiosk, and Temporary Retail Industry
by Doug Schorpp
QCTimes.com

Rhonda Groh is about to see her dream come true. She soon will open her own bakery — called The Bakery — at 1314 Washington St., Davenport, inside Johnny’s General Store.
But Groh says she could not have seen her dream become reality if not for Davenport’s new Small Business Loan program, a federally funded program that comes via the city’s Community Development Block Grant, or CDBG, funds.

In order to qualify, a project must accomplish at least one of the national objectives set up by the CDBG program, to benefit low- to moderate-income people, according to Susanne Knutsen, economic development coordinator with the city’s Community Planning & Economic Development Department.

Since July when it began, the Small Business Loan program has assisted five businesses with loans totaling $60,000.

“We have helped assist two contractor/construction companies, one bakery, one elderly/disabled transportation business and one retail store.” Knutsen said. “In total, our funds were utilized to help retain and/or create 10 full-time equivalent jobs. As required by the program, at least 51 percent of these jobs must be held by a low- to moderate-income person at time of hire.”

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