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Quincy MFG reported growth as board heard CDBG closeout loan report
Summary
At a Feb. 11 public hearing, KEDA reported Quincy MFG at the Airpark received a $70,000 closeout loan, has expanded production of skateboards (300–500 units) and grown from five to 13 employees; the hearing closed without a separate vote recorded.
Houghton — Commissioners heard a CDBG closeout report Feb. 11 on Quincy MFG, a manufacturer located at the Houghton County Airpark that used a $70,000 loan to support operations.
Sam Stonelake of KEDA told the Board Quincy MFG produced roughly 300–500 skateboards under the program and has expanded its workforce from five to 13 employees, with plans to hire additional staff. The hearing on the closeout was opened and closed by voice votes as part of the meeting’s public-hearing sequence.
Why it matters: The county’s role in administering or supporting closeout loans can help early-stage manufacturers scale and report job growth; county records show the company has increased production and employment since the loan period.
What’s next: The hearing was informational for the Board; no separate resolution or roll-call vote appears in the minutes for this closeout item.
Context: The portion of the record discussing Quincy MFG emphasized local job growth and the company’s location at the Airpark; additional follow-up would come through routine program closeout procedures.
