The City of Lexington is continuing its efforts to boost the number of jobs in the bluegrass community. Members of the City Council’s budget committee got an update on the government’s job fund program this week. It provides for straight loans and forgivable loans for businesses located in or moving to Fayette County. Administrative Officer Craig Bencz said there are salary-related requirements.
“They have to create jobs with average wages that are greater than or equal to 125% of the County median. The number that the board has currently adopted is 24 dollars. We expect this to go up in January or February when they review this again,” said Bencz.
