Friday, August 14, 2009

Nixon on the DL

Governor Jay Nixon was unable to travel to St. Louis for a scheduled announcement on microloans Friday because he injured his leg during a pick-up basketball game.
The Governor's office said Nixon is undergoing treatment for the injury and is using crutches.
Economic Development Director Linda Martinez filled in for Nixon to announce the small business loans.
She announced the first round of recipients of small business loans, including 4 Ozarks area recipients:
  • Alva Allen Industries of Clinton received $25,000 - The company manufactures heavy-duty, industrial punch presses, including standard models, double ram presses, half presses, main frames and air clutches.
  • Flett Enterprises LLC of Rolla received $25,000 - It's a commercial and residential plumbing construction and repair firm that specializes in piping, hydronics, steam and industrial.
  • Patterson Auto Group LLC of Springfield received $25,000
  • Burke Timber of Marionville received $25,000

Businesses with five or fewer employees were encouraged to apply for loans between $2,500 and $25,000, with the loans to be repaid over a ten-year term at an interest rate of three percent. More than 170 Missouri small businesses have applied for the loans so far.

The Governor's office said businesses seeking loans can apply online at

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