To help the local hotels through the current economic downturn, the Phillipsburg City Council approved at their regular Monday meeting to offer $2,500 loans to the community’s three hotels. The interest-free loans are being offered with an 18-month term and will be funded from the city’s Industrial Development Fund (IDF). The IDF is funded by 1 mill annually and can only be spent on economic development that will benefit the city.
(Read more: Phillipsburg, KS)
