State launches drought emergency loan fund

Money will help family farms and other businesses affected by the state wide drought conditions.

massachusetts drought monitor map August 18
The U.S. Drought Monitor's map of drought conditions in the state as of August 18. Areas in red are considered to be in "extreme drought," those in orange are in "severe drought," those in tan are in "moderate drought" and those in yellow are "abnormally dry."

BOSTON, Mass. (WWLP) – Governor Charlie Baker’s office announced Wednesday the creation of the Massachusetts Drought Emergency Loan Fund. The fund will provide up to $1-million in micro-loans to family farms and other small businesses affected by widespread drought conditions in Massachusetts.

After five straight months of abnormally dry weather the Governor’s administration has been working with the federal government and other government and private entities to find ways to help struggling agricultural and related businesses.  The flexible loans will allow some financial relief to pay bills and recover from lost revenue.

A drought warning was issued in August and the state has been asking residents to conserve water and be aware of fire dangers.

For more information about the loan fund, and to access an online application, visit www.massgcc.com.

For ideas on best practices for water conservation, click here.

 

Comments are closed.