Daily Archives: March 10, 2017

Division of Economic Development Executes Corrective Action Plan for 2009 BIDF Audit

By Admin on Mar 2017

WINDOW ROCK – The Division of Economic Development submitted a revised corrective action plan for an audit conducted in 2009 for the Business Industrial Development Fund. The Business Industrial Development Fund provides low interest rate loans for new business start-ups and expansion. “In 2009, auditors came in and worked with the former CFO to create a corrective action plan that was approved in 2010. But after the approval, there was no movement on the corrective action plan for years,” said Crystal Deschinny, executive director for DED. The primary purpose of the small business development portion of the fund is to[...]

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