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North Star Line asks Crookston council for one-year extension on forgivable MIF award
Summary
At a public hearing, Bill Schramm, CFO of North Star Line LLC, asked Crookston officials for a one-year extension on the $100,000 forgivable portion of a Minnesota Investment Fund loan, citing equipment failures that delayed hiring; the company reports 17 employees versus the 21 required for full forgiveness.
Bill Schramm, who identified himself as chief financial officer of North Star Line LLC and a Crookston resident, told the council the company is seeking a one-year extension on the forgivable portion of a Minnesota Investment Fund award because operational problems slowed hiring.
“Currently on hand, we have 17 people employed,” Schramm said, noting the company’s original business plan…
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