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Iconic Quick Lunch restaurant first to get Hopewell's new development loan
The city of Hopewell is launching a marketing and financing strategy to encourage repurposing vacant commercial buildings into viable business opportunities, and the first beneficiary a $75,000 loan is an iconic city restaurant. In a statement Thursday, Nov. 12, the Hopewell Economic Development Authority said the programs, called Hopewell Sites Ready Marketing and Sites Ready Property Activation Loan will "encourage private investment, and create new opportunities for business development throughout the city." The marketing program is a free and voluntary incentive through which properties will be promoted on Hopewell's website and social-media channels and be included in city recruitment efforts locally and nationally. It is designed to put local properties on the radar of potential buyers and investors. The loan program provides financing at rates determined by the EDA on a case-by-case basis. It would help finance renovations, structural repairs, site preparation, infrastructure upgrades and any other vital necessities to get the property up and running. “The strong partnership we have built between City Council and the Economic Development Authority over the past several years is producing meaningful results for Hopewell,” Mayor Johnny Partin Jr. said in the statement. “Through improved collaboration, shared priorities, and a unified vision for our