More funds are expected to bolster the Rural Opportunity Zone fund as the Montgomery County Economic Development Authority sunsets.

 

According to Jim Kelly, the Authority was formed in 1994 when Cessna and American Insulated Wire were being recruited to Montgomery County. The group was responsible for paying out incentives among other tasks, and according to current Montgomery County Action Council Executive Director Melissa Johnson, the group's duties have been satisfied.

 

The Authority's has about $90,000 that will be transferred into the Rural Opportunity Zone fund held with the county.

 

Johnson says the program can qualify employees up to $15,000 in student loan forgiveness.

 

At this week's Cherryvale City Council meeting, City Administrator Jonathan Booe was appointed to the Authority to help transfer the funds, and then dissolve the board.