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Jackson County approves $186,390 loan to Mississippi Valley Metals for equipment purchase
Summary
The Board approved a $186,390 Revolving Loan Fund loan to Mississippi Valley Metals LLC at 5% interest for seven years to finance equipment purchases.
Jackson County supervisors approved a $186,390 Revolving Loan Fund loan to Mississippi Valley Metals LLC for equipment purchases on April 21, 2026.
ECIA Community & Economic Development Director Matt Specht and Revolving Loan Committee member Leo McGarry presented the request. The board approved the loan with a 5% interest rate for seven years; the motion carried unanimously (Aye: Don Schwenker, Mike Steines, Nin Flagel).
The minutes record the loan amount and term; the ECIA and Revolving Loan Committee will proceed with standard loan documentation and closing procedures.
