The Economic Development Authority of Paynesville and Paynesville Township (EDAP) is a local organization dedicated to supporting new and existing businesses in the community. With a board consisting of eight members, EDAP offers loan programs, including a small revolving loan fund and a large commercial-industrial loan fund, to help businesses meet their unique credit needs. Additionally, EDAP has recently launched a revitalization loan program, providing interest-free loans to businesses looking to improve their buildings and facilities.
EDAP's mission is to promote the growth and development of the community of Paynesville, assisting businesses in their expansion and contributing to the economic vitality of the area. Through their loan programs and support services, EDAP aims to foster a thriving business environment and enhance the overall quality of life for residents in Paynesville and Paynesville Township.
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