MCEDC Partners with USDA to Assist Local CNC Start-Up
MCEDC recently approved a $25,000 loan from its USDA Revolving Loan Fund to assist Multix Precision Manufacturing Company with its investment in CNC machining equipment. Multix Precision Manufacturing is a new company that was founded by Reann and Vann Sanders of Martinsville, and the company recently located its operations into a facility in Monrovia.
According to Mike Dellinger, MCEDC Executive Director, "The Revolving Loan Fund is an important resource that we can provide to small businesses. We appreciate the USDA's recognition of Morgan County and the value that the loan fund brings to our communities where entrepreneurs and small businesses often find it difficult to obtain capital for growth projects. The loan program continues to assist several well-reputed Morgan County businesses, and, as they repay their loans it increases our ability to assist others in need."