Sharon Hueftle from SCEDD spoke during the public hearing on Project 18-ED-004 held at the beginning of the October 7 regular Minden City Council meeting. She provided a brief history of the Community Development Block Grant Program funded project that was started about one year ago.
This is the third CDBG grant Royal Engineered Composites has received. The $500,000 grant was used for working capital and equipment. Half was a forgivable grant and half was a no interest loan that when paid back will become a reusable loan fund managed by SCEDD.
The project funded by the CDBG program must meet several requirements to qualify for the grant. Royal has exceeded those requirements adding more than 20 employees. A walk through of the facility to review the completed project has been scheduled. No other public comments were made.
see October 16 Courier for full story