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Council to consider second Economic Development Loan Fund loan for Policy Kings brewery after location change

2355030 · February 20, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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