The economy of the Cumberland Plateau Planning District is in transition from coal mining and timber operations to manufacturing, tourism and telecommunications. The Planning District Commissions technical assistance to member counties and towns has significantly enhanced recruitment of manufacturing and telecommunications firms. The PDC has been instrumental in supporting asset-based development initiative such as The Crooked Road, Round the Mountain, Appalachian Spring and Appalachia Sustainable Development. These initiatives are based on local assets that cannot be shipped overseas, providing economic opportunity for our local communities and entrepreneurs. See links on our home page to these organizations and the important work they do.
The Cumberland Plateau Planning District Commission administers a Revolving Loan Fund (RLF) for Buchanan, Dickenson, Russell, Tazewell, Lee, Scott and Wise Counties and the City of Norton.
All loan applications are reviewed by the RLF Committee, which in turn makes loanĀ recommendations to the Cumberland Plateau PDC Board of Directors for final approval.
In order to assist business expansion and new job creation, the RLF administrator can take subordinated liens in order to enhance financing from conventional sources. RLF monies are also available to public entities, but preferably for not more than 20 percent of the total loan fund portfolio.
Loan Limits
Maximum $250,000
Minimum $25,000
Maximum Repayment Period
10 years
Interest Rate
75 percent of prime as listed in the Wall Street Journal, or 4 percent, whichever is less
Eligible Costs
Application Requirements