Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Winchester wins $1M CDBG to support S and K Industrial expansion; 50 jobs pledged
Summary
The commission heard that a $1,000,000 Community Development Block Grant will fund equipment purchases for S and K Industrial’s new Winchester facility, with a $969,000 equipment budget, a capitalized lease and a commitment to create at least 50 jobs, 26 for low‑ and moderate‑income residents.
An unidentified city presenter told the Winchester City Commission that the city has been awarded a $1,000,000 Community Development Block Grant to support S and K Industrial’s planned expansion into Winchester Industrial Park. The presenter said the industrial authority will be subrecipient and will purchase $969,000 in equipment to lease to S and K through a capitalized lease that will convert to ownership after seven years of payments at a fixed 2% interest rate.
The presenter said the grant…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
