The Hanford Area Economic Investment Fund Committee has made many changes this year.
The group added two subcontractors in January, approved its first two grants in June and is closing two of its largest loans ever.
“I am quite delighted that we have had more activity this year than last year,” said LoAnn Ayers, board chairman. “That is a much higher deal rate than we’ve ever had.”
Ayers said the changes are due to reorganized and motivated board members and the work of the new subcontractors.
Since 1991, HAEIFC has provided loans to businesses and municipalities in the Tri-Cities area to expand and diversify the economy and decrease dependence on U.S. Department of Energy operations in Benton and Franklin counties.