The Marion County Industrial Foundation has approved nearly $400,000 in loans to assist two local industries with expansion efforts.
Last week, the board approved a $383,119 loan to Angell-Demmel to purchase equipment to make parts for Lincoln and BMW. Larry Tatum, the former owner of Angell-Demmel, abstained from voting on this loan.
Angell-Demmel anticipates hiring at least 30 employees to go with the expansion, according to Marion County Economic Development Director Tom Lund.