class="post-template-default single single-post postid-466770 single-format-standard group-blog masthead-fixed full-width singular wpb-js-composer js-comp-ver-6.2.0 vc_responsive"
Gering Council Approves LB840 Economic Development Loan for Scottsbluff Restaurant | KRVN Radio

Gering Council Approves LB840 Economic Development Loan for Scottsbluff Restaurant

Gering Council Approves LB840 Economic Development Loan for Scottsbluff Restaurant
(Miller/KNEB/RRN)

The City of Gering will provide support for a Scottsbluff restaurant with an economic development assistance loan of just over $13,000 to help pay for equipment needed to stay in business.

The Gering City Council this week approving an LB840 loan forgivable over five years for 16th Empire for attic fire suppression sprinklers and exhaust hood fan required by the fire marshal.

Prior to the vote, Mayor Tony Kaufman said he saw the application as yet another positive stride the past several years in cross-river cooperation, pointing to the support provided for the Prime Metal Products economic development project. “As we can see in the (PMP) project just before us, where the City of Scottsbluff provided $1.5 million of their own LB840 funds to a project that’s going to be located in the City of Gering, it’s only suitable we should be considering an application in our sister city.”

The application approved on a five to two vote, with Parrish Abel and Ben Backus voting against. Four of the nine full-time equivalent positions at the restaurant are held by Gering residents.

The loan will be secured by a deed of trust on the property at the corner of 16th Street and Avenue A in Scottsbluff.

© 2020 Nebraska Rural Radio Association. All rights reserved. Republishing, rebroadcasting, rewriting, redistributing prohibited. Copyright Information
Share: