Greene County seeks local pledges for 130000 loan to build hog plant
Greene County faces high unemployment and low per capita income as it pursues a 130000 locally borrowed pledge to supplement a 650000 EDA loan for a new hog processing plant. The project totals 1300000 and will be leased to Corn Country Pork Inc. with repayment over 15 years.
MENTIONED IN THIS ARTICLE
Economic Development Administration
Corn Country Park, Inc
Industries For Linton, Inc
Federal Government Economic Development Administration
Greene County
Pledge to fund hog processing plant in Greene County Indiana
A pledge agreement outlines a loan of unspecified amount to Industries for Linton Inc to help obtain a hog processing plant leased to Corn Country Park Inc in Greene County Indiana. The note bears 10 percent interest from Oct 1 1971 with 15 year amortization, first interest around Jan 1 1973, payments funded by rentals, and subordinate to existing mortgages. Industries for Linton Inc commits 130000 dollars toward a 1300000 building cost. If funds are not used as pledged, money returned before Jan 1 1972. Name Addreas
MENTIONED IN THIS ARTICLE
Corn Country Park, Inc
Linton, Inc
P.O
Linton
Indiana
Greene County
Also Mentioned on This Page
Nanced
Lessee
Corn Country Pork, Inc
Keller Aluminum
Industries For
EDA
Greene County Community Development and Employment Committee
Addreas