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[email protected] NEW ULM–The New Ulm Economic Development Authority (EDA) tabled a decision on a $50,000 loan to M&K Forestry & Land Management Services Tuesday, citing a need for more information. M&K Forestry & Land Management is planning to start a new business and needs assistance with the down payment for a bank loan. The total loan package is $273,000 with loans from Bank Midwest and the EDA. City Manager Chris Dalton said the $50,000 would help close a loan for equipment purchase. The equipment is currently on hold until the loan is approved. M&K has two contracts pending once the equipment can be purchased. ....
[email protected] NEW ULM BoCo Real Estate and Oak Hills Living Center were named 2020 Small and Large Businesses of the Year by the New Ulm Area Chamber of Commerce on Thursday. Chamber members voted for the awards during a virtual annual chamber business meeting. Windings, Inc., and Bank Midwest were other Large Business of the Year nominations. Bailey Creek Boutique and the New Ulm Area Foundation were other Small Business of the Year nominations. “We were very honored to have been nominated and recognize for the Business of the Year award. It’s very exciting for us. We’re very excited about what everyone has done,” said Oak Hills Administrator Candas Schouvieller. ....