Tod Faris, Appanoose Economic Development Corporation executive director, issued the following report detailing his activities in June of this year.
Business Communications (as of 7/8/13):
Shark Fin Shears: Moved equipment etc. to Centerville from New Jersey June 28; and are open for business in Centerville. The primary jobs have been filed (eight initially), and plan to hire 15 total over the next three years. They are already shipping products for Shark Fin Shears and Extreme Hunting Solutions from Centerville location.
Hydra Pools: It is pool season so they’re incredibly busy. They were working 12 hour days, seven days/week in three shifts, but due to the cool, wet weather, they have gone back to two shifts. Plan to double the size of the liner shop this fall by adding onto the building to the south. They currently have 20 employees (eight are in the liner shop).
Business Open House at Former Walmart Building: On Tuesday, July 23 from 4 to 6 p.m. there will be an open house at the former Walmart on Highway 5 North. This is an opportunity to learn more about potential business uses for this highly visible commercial space. Options for dividing the building up into two-four smaller units for businesses to lease will be discussed. These businesses can include manufacturing, assembly, and retail, among other things. Mark your calendar and spread the word.
Revolving Loan Fund: The RLF Loan Review Committee approved and closed a new RLF loan with an Appanoose County business. This brings the total to 29 loans to Appanoose County businesses totaling $529,750 in nearly six years. These loans have created 96 new jobs and retained an additional 105 jobs. These loans have also leveraged an additional $3,777,855 in capital improvements and funding from those businesses. 13 of the 29 loans have been paid in full and the others are being paid down monthly. AEDC has funds available to be lent to Appanoose County businesses.