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Buffalo, N.Y., Economic Development Agency May Get Funds for Business Loans.
Byline: Chet Bridger
Nov. 30--A new program funded by banks and the U.S Treasury may give Buffalo's economic development arm an additional $2.4 million for small business loans next year.
The additional capital would expand the Buffalo Economic Renaissance Corp.'s lending operation by more than 50 percent. BERC will loan about $4 million to city-based businesses through traditional loan programs during its current fiscal year ending May 31.
The figure does not include Department of Housing and Urban Development community development block grants administered by BERC.
The new "Community Development Loan Fund" program allows the U.S. Treasury …
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