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Council to consider second Economic Development Loan Fund loan for Policy Kings brewery after location change
Summary
Policy Kings Brewery requested a second $75,000 EDLF loan after changing locations within Central Ninth; staff recommended a $75,000 loan at 8% over seven years and said the first loan remains outstanding but in good standing; council vote scheduled during the formal meeting.
Salt Lake City economic development staff briefed the council on Feb. 18 about a proposed second Economic Development Loan Fund (EDLF) loan to Policy Kings Brewery, a Cedar City‑based brewer relocating to Central Ninth in Salt Lake City.
Loan details and background Staff said the EDLF Loan Committee recommended a second $75,000 loan at an 8% interest rate…
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