Detailed Description of Program Components cont.
2. Providing Vouchers for Immediate Financial Assistance
The loan fund will provide Northern businesses with immediate funds in return for goods/services to be supplied at a later date. Individuals who are interested in assisting Northern residents will purchase a “voucher” from a participating business (thereby providing immediate, direct support and income). They will receive goods or services within the upcoming year. This component requires the signing of assorted agreements with participating businesses.
Estimated cost for implementation: $10,000,000