LINCOLN - The Community Action Partnership of Central Illinois has received $402,522 in federal money.
"Some of the funding streams under the (federal recovery act) are expected to play a major role in facilitating the economic recovery strategy proposed by President Obama," said Angela Stoltzenburg, Community Action executive director.
The funds must be spent prior to Sept. 30, 2010. A meeting Friday is open to anyone interested in finding the best use for the money.
The money can be used for nutrition, job training, education, self-sufficiency, emergency services and economic development.
Lincoln and Logan Development Partnership Director Joel Smiley hopes the money could help his cause. An additional $40,000 is anticipated for small-business loans as Smiley develops a business incubator in Logan County.
The partnership operates a small-business revolving loan fund. The $40,000 would be in addition to money currently available to loan to any small business that can show job creation potential, said Stoltzenburg.
Friday's meeting will be at 2 p.m. at 1800 Fifth St.