Newtown Macon’s loan program running low on money, continues pushing for revitalization

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MACON, Georgia (41NBC/WMGT) – Newtown Macon’s loan program for entrepreneurs is running out of money.  The organization says downtown is seeing steady growth since it started funding loans to downtown business owners.

Newtown Macon invested in the dreams of 39 individuals since 2012. Out of the 39 individuals, 13 of those are businesses and 26 are in real estate project.

Newtown Macon President Josh Rogers says downtown is growing so fast, he’d hate to see the growth come to a halt.

Lauren Mauldin moved to Macon 4-years ago. She’s lived, worked, and played in downtown.

“Very rarely do I ever have to go outside of the downtown limits,” she said.

“Downtown has blossomed into something great and knows it’ll keep growing,” Mauldin said.

Rogers says Newtown gets its funding through a grant, but there’s only $1.5 million left.

“I just want to keep going. I mean, the fun businesses that are opening up, the new lofts, these restored buildings, and the sense of place you get on the street. I just don’t want to slow down now,” Rogers said.

He says property tax values increased 9 percent. This helped downtown grow into what you see today.

According to Rogers, women and minorities makeup half of downtown’s businesses, and he wants diversity to continue growing.

“A lot of the problem is, we’re not getting to those populations,” he said.

To apply for a business loan, submit an application here.

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Tanya comes all the way from Chicago, Illinois. She’s a city girl that’s excited to be a part of Middle Georgia’s community and tell your stories! She received a degree in Broadcast Journalism from Columbia College Chicago. She also spent a few semesters studying at San Diego State University. While in college, she interviewed Joan Rivers before she passed away, was on the red carpet for the movie premiere of “Chiraq” and also interned with ABC7’s investigative reporters and Bill Kurtis. Tanya spent nearly 2 years reporting in Billings, Montana where she covered a lot of politics and agriculture. In her spare time, Tanya is a sports fanatic, so even though the Chicago Bears and Bulls didn’t know how to win this season, she still roots for them. You can guarantee you’ll run into her at the gym every day. If you do, stop by and say hi! Share your stories with her and don’t be surprised if she’s hiding chocolate chip cookies in her gym bag.