Forgiveable loan presented to AgReliant Genetics
Posted: August 28, 2014 at 9:41 pm
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AgReliants Genetics was presented a $20,000 forgiveable loan from the Boone County Economic Growth Corporation (BCEGC) Tuesday afternoon. Pictured are, from left, Craig Newman, president and CEO of AgReliant Genetics, Tom Lee, Des Moines Area Community College Boone campus provost, Steve Woodall, AgReliant Genetics location manager, and Frank Lynch, AgReliant Genetics vice president of operations. Photo by Whitney Sager
The Boone County Economic Growth Corporation (BCEGC) officially presented AgReliant Genetics with a $20,000 forgivable loan Tuesday afternoon at the facility west of Ogden.
The forgivable loan played a role in bringing the business to Boone County, said Bob Fisher, BCEGC executive director.
Steve Woodall, AgReliant Genetics location manager, said they are about to begin their second harvest season, after a successful first year. Despite the weather challenges this growing season has experienced, the facility plans to begin harvesting next week.
The facility currently has a 500-bushel capacity, but could go up to 1 million bushels, if needed.
Woodall also spoke of the willingness of businesses in Boone County to supply AgReliant with supplies they need and how that has been a great benefit for the facility.
Its been good for us and we appreciate it, Woodall said.
The site is still under construction, though work should be finished by the first of the year. Future plans are in place to expand the facility even further.
Its exciting to see what was nothing but dirt and now what it has become, said Frank Lynch, vice president of operations at AgReliant Genetics.
Originally posted here:
Forgiveable loan presented to AgReliant Genetics