GFDC Launches the Welstead Fund to Provide Funding for Building Improvements

Friday, October 11, 2019

headerFremont, Nebraska The Greater Fremont Development Council (GFDC) has launched the Welstead Fund (Fund)– a micro loan fund that can be used for façade and interior improvements of buildings located within Fremont, Nebraska. “The Welstead Fund is another way we are supporting Fremont’s small business community, while simultaneously improving the appearance of our main shopping and business districts. We appreciate the support of local investors who have helped to make the Fund possible and look forward to reviewing applications for improvement projects,” said Garry Clark, Executive Director, Greater Fremont Development Council.

The Fund can be used to complete a variety of building improvements, including signage, painting, HVAC, electric repairs, energy efficiency improvements, or to purchase new windows, doors and lighting.  Regardless of the type of improvements being done, they must make a high, positive impact on the façade and interior of the building. Qualifying projects can receive funding of up to $5,000.

About the Welstead Fund

The Welstead Fund is a micro-loan fund that provides small loans to startup, newly established, or growing small businesses in Fremont, Nebraska. The Fund is named after the late Marvin Welstead, a Fremont advocate and co-founder of the Greater Fremont Development Council. His vision was to see the Fremont area grow and for small businesses to thrive. The Fund is a tool for supporting local businesses and making his vision a reality.

Applying for Funding from the Welstead Fund in Fremont, Nebraska

Applications are currently being accepted. Property owners who are interested in applying must complete an application and provide two bids for the cost to complete improvements. Pictures must also be provided. After an initial review, the GFDC Board will make the final funding decision. Those who are approved for funding will have 180 days to complete construction, after which, pictures and proof of payment must be provided to GFDC.

About the Greater Fremont Development Council

GFDC is the economic development resource for growth opportunities to bring businesses and jobs to Dodge County, NE, and ensure a diverse workforce. 

GFDC is a 501(c)6 public-private partnership that works diligently to fulfill its mission to provide leadership for Greater Fremont Area growth initiatives and aggressively pursue targeted growth opportunities that will result in quality job creation and retention.

Fremont, Nebraska, is poised for a bright economic future. Strategically located at the crossroads of major highway links to reach the downtown Omaha and Lincoln metropolitan areas in less than an hour, the community offers immediate access to big city amenities while retaining an independent rural community flavor. Small businesses are thriving in Fremont, and the creation of the Fund is one more way GFDC is supporting their growth.

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For more information, contact:

Garry Clark
Executive Director
Greater Fremont Development Council
garry.clark@fremontecodev.org

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