File 2026-0220 · Action · Economic Development
Business Subsidy: Revolving Loan to Prairie Coffee Roasters
A $60,000 revolving loan for equipment at a new business in the industrial park.
The EDA reviewed an application for a $60,000 loan at 3% over seven years to buy roasting equipment. The business expects to create four full-time jobs within two years.
Recommendation
Approve the loan and authorize the EDA President to sign the loan documents.
Fiscal impact
$60,000 from the EDA revolving loan fund, repaid with interest.