Every two weeks, City Administrator Todd Prafke shares a short video update on the latest projects, services, and behind-the-scenes topics that matter most to Saint Peter residents. This week’s topic: In this episode of the State of the City Vlog, City Administrator Prafke discusses the newly approved Unforeseen Circumstances Micro Loan Program and how it’s designed to support Saint Peter businesses during unexpected challenges. In this episode, we cover: Why the program was created, including recent feedback from local businesses experiencing declines in customers and revenue due to broader community-wide factors How the program is designed as a flexible, “program in a can” that can respond to future disruptions such as construction impacts, natural disasters, or public health events Key program details, including loans up to $10,000, 0% interest, deferred payments for up to six months, and simple repayment terms How the program is funded through the City’s revolving loan fund, allowing dollars to be reused to support businesses over time -The role of the Economic Development Authority (EDA) in developing the program and ensuring applications are carefully reviewed This program builds on successful past efforts that helped local businesses navigate challenges during projects like Highway 169 construction and the COVID-19 pandemic. Business owners are encouraged to watch the full episode and apply if needed. Learn more about: Economic Development Authority (EDA): https://www.saintpetermn.gov/329/Econ... Unforeseen Circumstances Micro Loan Program: https://www.saintpetermn.gov/670/Unfo... View the April 13 City Council meeting where the program was discussed and approved:    • April 13, 2026 City Council Meeting   Be sure to check back here every two weeks for the newest episode! Want to stay in the know about what is happening in Saint Peter? Sign up for the Hot Sheet, Saint Peter's bi-weekly newsletter, where you get all the city news you need to know, plus a little bit more. Subscribe Here: https://lp.constantcontactpages.com/s...