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County approves two revolving‑loan transfers to assist local businesses
Summary
Jackson County authorized transfer agreements with ECIA Business Growth Inc. to support two businesses: $120,000 for Hendrickson Property Group (Preston Family Chiropractic) and $182,610 for Mississippi Valley Metals LLC; checks will be processed after budget amendment.
The board approved two transfers from the revolving loan fund to support local businesses. Supervisors authorized the chair and auditor to sign transfer agreements with ECIA Business Growth Inc. for a $120,000 loan to Hendrickson Property Group LLC (doing business as Preston Family Chiropractic) and a $182,610 transfer to assist Mississippi Valley Metals LLC.
The county will process the checks once budget amendments and related approvals are complete; staff said an amortization schedule will be requested from ECIA as part of loan documentation. The board approved the transfers by voice vote and chair and auditor signatures were authorized for closing the agreements.
