[fullwidth background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”0″ padding_right=”0″ hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][title size=”1″ content_align=”left” style_type=”underline solid” sep_color=”#000000″ margin_top=”” margin_bottom=”” class=”” id=””]St. Cloud farm implement manufacturer chooses to pay back a portion of a state loan used to start-up operations after failing to hire the necessary workers[/title][fusion_text]Thursday, June 18th 2015
A farm implement manufacturer in St. Cloud has chosen to pay back a portion of a state loan used to start-up operations after failing to hire the necessary workers. Geringhoff Manufacturing has decided to pay back a prorated portion of the $500,000 loan rather than seek an extension. The Minnesota Investment Fund loan was to offset start-up costs in 2013 and help provide 75 jobs. Kouba says they came up short of the 75 required jobs but says the positions they were able to fill are long-term sustainable jobs. Geringhoff builds equipment for combines at their 110,000 square-foot plant at 3405 Energy drive in St. Cloud.
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