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You are here: Home / Business / State shells out loans to help create more jobs

State shells out loans to help create more jobs

December 17, 1999 By admin

The Iowa Department of Economic Development Board has approved loans totalling nearly one million dollars for three businesses expected to create 329 new jobs. D-E-D spokesman Phil Thomas says the board approved a 450-thousand dollar loan package for the Northwood Door company in Northwood.They also approved a 450-thousand dollar loan for Dana Corporation, an Indianola auto parts manufacturer. The final loan goes to Remco Motor Coach of Shenandoah for 90-thousand dollars. Thomas says these investments continue a trend of building businesses across the state.The funds come from the D-E-D’s Community Betterment Account which provides financing to help businesses expand or create new jobs.

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Filed Under: Business, Politics / Govt

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