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Loan Secured for Wayland Industrial Park Land Purchase

Posted: Saturday, October 19th, 2013 at 6:23 am
Author: KCII News - Nathan Swenson

The planned industrial park in Wayland has received financial assistance. According to Secretary and Treasurer for the Wayland Economic Development Corporation, Bob Meyer, they’re using a $400,000 loan to buy 60 acres east of Wayland on Highway 78 for the new industrial park. The funding comes from Access Energy Cooperative’s Revolving Loan Fund. $300,000 of that funding was made possible by a USDA Rural Economic Development grant. The loan is interest free, and will need to be paid back in ten years.