Public Hearing Scheduled for Section 108 Loan for the Valdosta Area Business Incubator (VABI)
The City of Valdosta Neighborhood Development Division will host a public hearing on Monday, November 18, 2019 to invite citizens to hear and review details on the Section 108 loan, which will provide funding for the Valdosta Area Business Incubator (VABI). The meeting will begin at 5:30 p.m. in the Valdosta City Hall Annex Multi-Purpose Room, located at 300 N. Lee Street.
The primary mission of the Valdosta Area Business Incubator will be to ensure that its business clients are financially viable. Entrepreneurs need a professional atmosphere, accurate business advice, and office equipment but often cannot afford it. VABI will provide an integrated set of business services to support young companies during their critical early years.
Following the public hearing, citizens will be able to submit their comments on the Section 108 loan until December 18, 2019. Citizens can submit their comments online at valdostacity.com/neighborhood-development. After careful review, the city will submit the citizens' comments with the application to HUD for approval.
Citizens have until Wednesday, December 18, 2019 at 5 p.m. to submit their written or online comments to the Neighborhood Development Division, located in the Valdosta City Hall Annex, Room 206. The Section 108 loan application is also available by request in an alternative format, such as oral interpretation and written translation services. Any questions or special accommodation requests should be directed to department staff at 229-671-3617.