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Economic development loan committee backs $350,000 EDLF loan for Himalayan Kitchen expansion
Summary
Council staff and economic development presented a recommended $350,000 Economic Development Loan Fund loan to Himalayan Kitchen to open an additional restaurant location; the loan committee recommended approval at 10.5% over seven years and the council is scheduled to vote at its formal meeting.
Salt Lake City economic development staff and council staff on Feb. 4 briefed the council on a proposed Economic Development Loan Fund (EDLF) loan to Himalayan Kitchen, a local restaurateur serving Indian and Nepali cuisine, to support an expansion into the Engine Block area of downtown.
Austin Kimmel of council staff summarized the loan fund committee’s…
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