ANGOLA — After receiving further clarification regarding the Downtown Angola Coalition’s executive director funding request, the Angola Common Council approved a motion Monday night to provide $60,000 over the next
ANGOLA â After the Angola Common Council tabled a motion to find Angola Wire Products Inc. in substantial compliance to the terms of a 2020 tax abatement during its April 5 meeting, the company provided the city with the information it needed to render its approval Monday.
Angolaâs Common Council was scheduled to review Angola Wire Productsâ annual Statement of Compliance earlier this month when Councilwoman Kathy Armstrong noticed a discrepancy in the amount the company reported spending on salaries for four of the five positions it said it would create thanks to the tax break approved last October.
According to the âEmployees and Salariesâ section of the form, the company spent $16,842 on wages for the four employees in 2020, more than $130,000 less than what they estimated they would spend on payroll.
ANGOLA â Seven more Angola businesses adversely impacted by COVID-19 were awarded forgivable loans on Thursday, bringing the total number of local businesses that have received financial assistance in 2020 and 2021 to 16.
Everage Auto, Just Breathe Salt Room & More, Caleo Cafe, Mitchellâs Fine Menâs Clothing, The Hatchery Restaurant, Angola Sports Center and M.B.C. Distributing all received loans from the Angola Investment Fund (AIF) during the recently concluded third round of funding.
The amount of each loan ranged from $5,000 to $10,000 and was determined by the adverse impact COVID-19 had on each business.
The funding was made possible through the Indiana Office of Community and Rural Affairs, which awarded Angola $250,000 for the program. The city, through the AIF, chipped in $100,000 to increase the total amount available for forgivable loans to $350,000.