Supervisors Approve Loan Forgiveness

Sharon Hueftle from SCEDD attended the October 19 meeting of the Kearney County Board of Supervisors to discuss the County’s remaining economic development dollars.

The board distributed and forgave three $20,000 loans to businesses in the county last year. Last June an agreement for a forgivable loan to Integrity Construction was approved. Integrity Construction has created and maintained three jobs for one year and spent at least $150,000 for business expansion as required by the memorandum of understanding for the loan. Having completed the requirements for funding, the board approved issuing the loan of $105,000 to Integrity Construction. Forgiveness of the loan will be considered at the next meeting.

see October 27 Courier for full story