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Board approves two forgivable loans to support local job growth: ASI Business Group and Western Metrology
Summary
Deschutes County approved forgivable loan requests for ASI Business Group ($16,000 for 8 jobs) and Western Metrology ($22,373.41 for 12 jobs) from the county economic development loan fund, following due-diligence committee recommendations.
The Deschutes County Board of Commissioners voted unanimously Feb. 4 to approve two forgivable loans from the county economic development loan fund.
ASI Business Group, which recently built an 18,000-square-foot facility in Empire after relocating from Wilsonville, received approval for a $16,000 forgivable loan intended to support recruitment and relocation costs for eight new positions. County staff told commissioners the due-diligence committee recommended approval and noted the company’s average wage for the covered roles meets or exceeds the county’s threshold. "The committee did vote unanimously in support of this application," a county reviewer said.
The board also approved a forgivable loan of $22,373.41 for Western Metrology Sales LLC, a company that machines titanium parts for the aerospace industry and is expanding into La Pine. Western Metrology’s application includes 12 positions total (six transfers and six net new jobs); the loan amount was calculated to match the program’s job-creation formula.
County staff cautioned that the county’s loan fund balance (about $106,000 at the time of the meeting) will be substantially drawn down by these awards and that future requests should be prioritized.
What happens next: The county will monitor job creation and quarterly reporting requirements established in the loan agreements; if firms meet the job and wage conditions over the required period, the loans will be forgiven.
