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Article: Dynamic Homes awarded economic development loan.
- Article from:
- PR Newswire
- Article date:
- October 11, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DYNAMIC HOMES AWARDED ECONOMIC DEVELOPMENT LOAN
DETROIT LAKES, Minn., Oct. 11 /PRNewswire/ -- Dynamic Homes, Inc. today announced that it received approval for a $400,000 economic development funding package from state and regional agencies, the city of Detroit Lakes, and its board of directors. The company said it expects to receive the funds before Dec. 31, 1990.
The company will use approximately $120,000 of these funds for upgrading transportation equipment, while the remaining $280,000 will be used to finance growth.
The $400,000 package consists of loans from the Minnesota Department of Trade and Economic Development, the West Central ...