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Council staff backs $200,000 economic development loan to Hruska's LLC to support Sugar House relocation
Summary
City economic development staff recommended a $200,000 loan at 11% for seven years to Hruska's LLC to finance renovation of a Sugar House location; staff said the project would create two new jobs and retain nine existing positions and that a vote was scheduled for the formal meeting.
Salt Lake City economic development staff on Tuesday recommended a $200,000 loan from the city’s Economic Development Loan Fund to Hruska’s LLC, a legacy bakery and kolaches vendor planning to relocate in the Sugar House neighborhood.
Austin Kimmel, the council’s item sponsor at the briefing, said the loan fund…
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