Continuously serving Kosciusko County since 1854
Kosciusko Development Inc. executive board members met Wednesday with Bob Sanders presiding.
Kim Nance, economic development coordinator, said an application for a Rural Development Action Grant has been sent. The $200,000 grant requires a 25 percent match provided by pledges from Lake City, Mutual Federal and Farmers State banks.
If awarded, a revolving loan program will be established to assist manufacturing industries, biomedical companies and agricultural concerns.
The grant is available through the Indiana Rural Development Council, and is a new program to spur growth in the state.
Board president Joy McCarthy-Sessing said two inquiries were answered regarding available property. One is a medical company and another, in conjunction with Norfolk-Southern Railroad, seeks 160 acres.
The board also:
• Approved a three-month $550 contract with the Small Business Development Center to continue services provided by counselor Jim Gregar. McCarthy-Sessing said he has 47 new clients.
• Reviewed an article about Warsaw furniture maker Alan Clingan, who has enlisted the help of Small Business Development Center counselor Jim Gregar through KDI and the Warsaw-Kosciusko County Chamber of Commerce.
• Heard the next "Starting Your Own Small Business" seminar is Oct. 26 from 2 to 4 p.m. at the Chamber. Costs are $25 per participant.
• Heard the next manufacturer's council meeting is Wednesday.
• Heard the next chamber board meeting is Tuesday at 7:30 a.m. at the Warsaw IPFW campus. The speaker is IPFW economics professor John Stafford.
• Heard the Indiana Department of Commerce regional advisory committee members are conducting a "September Blitz" - visiting 14 companies in three days next week.
• Reviewed a list of private and public sector contributions totaling $18,750 from Jan. 1 through Sept. 21.
