In 1994 the LCEDC submitted an application to USDA Rural
Development and secured a $1,000,000 revolving loan
fund to be utilized for business loans.

The purpose of this program is to assist businesses and
industries to maintain or expand employment opportunities
in Logan County. Loan funds may be used for equipment,
construction, working capital, purchase and development
of facilities and leasehold improvements.

The original USDA loan fund has been fully loaned out and
has revolved several times since 1994. Due to the success of
this program, we have secured additional funding from USDA,
and since the inception of LCEDC, we have helped 86 Logan
County businesses with loans for expansions and equipment.
Approximately 1,200 jobs have been created and or saved by
these business loan recipients.

LCEDC has been a catalyst for growth in the region with
funding provided for new business startups, business
expansions and business retention. Many times LCEDC
partners with local financial institutions to provide
matching funds, and/or with state or federal programs to
complete funding structures for local projects.

Our service region includes counties as follows:

Atoka, Choctaw, Coal, Garfield,
Hughes, Jefferson, Kingfisher, Logan, Lincoln, McCurtain,
Noble, Okfuskee, Payne, and Woods
The mission of Logan County Economic
Development Council is to promote and
expand the economic base of Logan County
Oklahoma by providing assistance with
community, state and federal resources that
will stimulate the growth of Logan County's
The LCEDC was incorporated in 1985 by business
and industry leaders in Logan County with the following
specific objectives:
Manage a revolving loan fund for financial startup, growth
and expansion of businesses in north central Oklahoma

Assist cities in Logan County with public sector funding for
infrastructure inprovements

Identify and make available state benefits and incentives
to new and existing businesses

Provide assistance with community, state and federal
resources to provide grants and/or low interest loans for
diversified industrial and economic activity
Spring Wheat growing on Highway
74C between
Mulhall and Crescent
Click the Star
For Information
about applying
for an LCEDC Loan
Logan County
Oklahoma is a
perfect blend of  
small town lifestyle
and big business
LCEDC  /  405-377-2220  /  justinh@meridiantech.edu