Quantcast

Able Manufacturing Seeks $1.2 Million Loan from City - KOAM TV 7

Able Manufacturing Seeks $1.2 Million Loan from City

Updated:

   The Joplin citycouncil votes unanimously for a letter of intent to support a loan request fromAble  Manufacturing.

     The Joplinindustry is seeking one point two million dollars from the city. Able Manufacturingcurrently has 260 employees on its payroll but owners believe the time is rightto grow.

Able President and CEO Dan Hillenbrand says, "Our customerbase was hit pretty hard  by therecession and it's taken a while but we're starting to see signs that there's lifeand there are growth opportunities and they're starting to come back. And asthey come to us with projects, we need to find capitol to invest in those projects,  and we can then grow asa business."

The company has a $2.5 million dollar improvement plan andseeks $1.2 million from the city. Hillenbrand says, "It would be a variety ofthings. It would be updating some existing equipment so it operates more efficientlyand it would also  be investing in newequipment to allow us to launch and produce new products."

The money would come from Joplin's Urban Development Action Grant fund or UDAG.

Chamber of Commerce President Rob O'Brian says, "The fund  kind of cycles up and down a little bit. Rightnow it has roughly a million and half in the fund.  Able is asking for the lion's share of thatfor what it  would like to do."

But O'Brian says the majority of that fund  was used to purchase property in theCrossroads Industrial park. As it is sold to new companies, the fund is repaid.And with  a flurry of activity therenow  it's unlikely the fund will be emptied.

O'Brian says, "heartland pet foodmanufacturing starts operations later this year,  and there's a  couple projects across the street. Therapysupport and TCI which is in town now is moving out to Crossroads for a biggerfacility.  And across the street EmpireService Center entails a new substation which bolsters power to the park whichmakes it more attractive.  And in  2015 MODOT will put in the interchangedirectly out of the park to interstate 44 and 49, so  there's a lot of land available fordevelopment  but a lot of positive thingshappening  that make it an even moreattractive location."

 City staff will work with Able on details of the final loanproposal. O'Brian expects the company to add forty jobs.  At one time able employed four hundred andthirty-two.  And Hillenbrand wants to getback to that . He says, "I'll be disappointed if its forty.  I  would hope it would be more than that."

 

 

  • Local NewsMore>>

  • Ottawa Tribe members honor their heritage at 51st annual powwow

    Ottawa Tribe members honor their heritage at 51st annual powwow

    Saturday, August 30 2014 7:42 PM EDT2014-08-30 23:42:59 GMT
    Ottawa Tribe members honor their heritage at this weekend's 51st annual powwow.More >>
    Ottawa Tribe members honor their heritage at this weekend's 51st annual powwow.More >>
  • Little Balkans Day festival celebrates 30th anniversary

    Little Balkans Day festival celebrates 30th anniversary

    Saturday, August 30 2014 7:39 PM EDT2014-08-30 23:39:51 GMT
    The Little Balkans Day festival in downtown Pittsburg celebrates its 30th anniversary.More >>
    The Little Balkans Day festival in downtown Pittsburg celebrates its 30th anniversary.More >>
  • Early morning McDonald County crash injures pedestrian

    Early morning McDonald County crash injures pedestrian

    Saturday, August 30 2014 4:12 PM EDT2014-08-30 20:12:46 GMT
    At approximately 5:20 am John F. Rose, 35 of Pineville, MO, was driving northbound on route W when his vehicle, a Chevy Silverado, struck 18-year-old Veston Martin of Rocky Comfort, MO.More >>
    At approximately 5:20 am John F. Rose, 35 of Pineville, MO, was driving northbound on route W when his vehicle, a Chevy Silverado, struck 18-year-old Veston Martin of Rocky Comfort, MO.More >>
  • Lisa OlligesLisa OlligesMore>>

  • Miami holds events to remember Fern Holland, international women's rights advocate killed in Iraq

    Miami holds events to remember Fern Holland, international women's rights advocate killed in Iraq

    Saturday, August 23 2014 10:48 PM EDT2014-08-24 02:48:29 GMT
    A week long remembrance for a local human rights advocate from Miami draws a crowd to remember the legacy she brought to the community. Fern Holland, a former Miami resident was known for her work overseas in protecting women's rights and preventing domestic violence in centers in Iraq. She was killed there in 2004. To honor her legacy, the community crisis center held Fern Holland remembrance week, featuring displays of Holland's personal work, photos and writings, along with presentati...More >>
    A week long remembrance for a local human rights advocate from Miami draws a crowd to remember the legacy she brought to the community. Fern Holland, a former Miami resident was known for her work overseas in protecting women's rights and preventing domestic violence in centers in Iraq. She was killed there in 2004. To honor her legacy, the community crisis center held Fern Holland remembrance week, featuring displays of Holland's personal work, photos and writings, along with presentati...More >>
  • Lawmakers push to keep MO Rehabilitation Center & VA Clinic open

    Lawmakers push to keep MO Rehabilitation Center & VA Clinic open

    Thursday, August 21 2014 7:23 PM EDT2014-08-21 23:23:43 GMT
    Southwest Missouri lawmakers have met with officials in an attempt to delay or prevent the closing of the Missouri rehabilitation center and VA clinic. Citizens are hoping for a solution. "We're gonna be praying for our community." Members of the Lifebridge Assembly church hold a prayer walk around the Missouri Rehabilitation Center and VA clinic. They're concerned about the impact of centers closing and the loss of three hundred plus jobs. Pastor John McHaffie says, "It effects people in ...More >>
    Southwest Missouri lawmakers have met with officials in an attempt to delay or prevent the closing of the Missouri rehabilitation center and VA clinic. Citizens are hoping for a solution. "We're gonna be praying for our community." Members of the Lifebridge Assembly church hold a prayer walk around the Missouri Rehabilitation Center and VA clinic. They're concerned about the impact of centers closing and the loss of three hundred plus jobs. Pastor John McHaffie says, "It effects people in ...More >>
  • Carl Junction school district partners with Freeman Health to give students access to medical clinic near school

    Carl Junction school district partners with Freeman Health to give students access to medical clinic near school

    Wednesday, August 20 2014 7:31 PM EDT2014-08-20 23:31:44 GMT
    Carl Junction has partnered with Freeman Health System to create the next best thing to a school-based clinic. Students will get priority access to the Carl Junction Family Medicine Clinic including transportation but all only if parents agree.Nurse Bridget Day at Carl Junction high school has regular visitors taking medications. But some come in needing more health care and now she can send them to the Carl Junction...More >>
    Carl Junction has partnered with Freeman Health System to create the next best thing to a school-based clinic. Students will get priority access to the Carl Junction Family Medicine Clinic including transportation but all only if parents agree.Nurse Bridget Day at Carl Junction high school has regular visitors taking medications. But some come in needing more health care and now she can send them to the Carl Junction...More >>
Powered by WorldNow

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.