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Committee approves $8,881.85 0% loan to Sandusky Packaging for HVAC, door upgrades
Summary
At its March 10, 2026 meeting, the Sandusky Boards & Commissions approved a staff-recommended $8,881.85 0% loan to Sandusky Packaging Corporation to fund an interior wall, electric door and HVAC upgrades; forgiveness is contingent on creating and sustaining one full-time job.
At its March 10, 2026 meeting, the Sandusky Boards & Commissions approved a staff recommendation to provide Sandusky Packaging Corporation with an $8,881.85, 0% loan to finance facility upgrades.
Kylie, a staff member, told the committee the company — located at 2016 George Street and in operation more than 50 years — employs 35 full-time staff and aims to add one additional position as part of its growth plan. The project described by staff will install an interior wall with an electric door and upgrade HVAC in the gluing and sheeting area; total project cost is estimated at $126,883.57.
"The project will provide much needed temperature controls for their workforce improving their environment," Kylie said, adding the prior phase approved in 2024 was $9,163 and resulted in one full-time equivalent hire.
Staff recommended the $8,881.85 loan on a five-year term at 0% interest, secured by a subordinate mortgage. The recommendation states the owner may request forgiveness of the loan if the required hire of one FTE is achieved and sustained for the loan term.
Chair Allen Nichols called for a motion to approve the staff recommendation; the motion was made and seconded and members present voted in favor. The recorded yes votes included Allen Nichols, Stuart/Stewart Hastings, Sally Martin and Paul Cook. The motion passed and financing was approved.
The loan draws from the committee's economic development funds. In the same meeting staff reported the committee had an available balance of $769,626 as of March 10, 2026 after accounting for prior open purchase orders, including $550,000 tied to Osborne School and $250,000 tied to the TOF Dairy project.
The committee did not set additional conditions beyond the hire-and-sustain requirement for forgiveness; staff indicated they are available to monitor compliance and to answer follow-up questions from the committee.
The loan approval is final as recorded at the meeting; implementation details and monitoring were left to staff.
