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City, state offer Crenlo $750,000 in forgivable loans to remain in Rochester

City, state offer Crenlo $750,000 in forgivable loans to remain in Rochester
The City of Rochester, working with Rochester Economic Development Inc., has proposed providing Crenlo Engineered Cabs with a $300,000 forgivable loan from the city’s Economic Development Fund. The city also applied for a $450,000 forgivable loan from the state s Minnesota Investment Fund. The subsidy is to keep the company from closing its Rochester operations and cutting about 400 local jobs.
9:20 pm, Apr. 14, 2021
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City of Rochester and the
State of Minnesota have proposed to award $750,000 in forgivable loans to
Crenlo Engineered Cabs.
The owners of the 69-year-old Med City manufacturer told its employees and city staff in 2020 that they were considering leaving Rochester and shifting production to facilities in Iowa and North Carolina. ....

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Crenlo seeks subsidy to keep Rochester plants open

Crenlo seeks subsidy to keep Rochester plants open
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