The loans and bonds, which are pending State Controlling Boardapproval, are expected to create 1,914 jobs and retain 2,594positions.

Three northwestern Ohio communities were included in the loanprocess.

Braun Industries Inc., located in Van Wert, will receive a$592,500 loan at 3% interest for a 15-year term. The funds will beused as part of a $2.3-million purchase of the 75,620-sf thathouses the company's manufacturing and office facilities. Braun isa manufacturer of custom handcrafted ambulances and light rescuevehicles.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.