September 9, 2024
Chad Fifer (center) of Fifer Services explains some of his plans for the former Sheller-Globe south site to members of Portland City Council, Portland Mayor Jeff Westlake and other guests during a Sept. 9 meeting at the facility. Portland City Council on Monday approved a $309,372 partially forgivable economic development income tax (EDIT) loan for Fifer Services to help with improvements to the property. (The Commercial Review/Ray Cooney)
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Loan approved
Portland City Council OKs EDIT funds to help Fifer Services with renovations to the former Sheller-Globe south property
Travis Richards, executive director of Jay County Development Corporation, presented the loan request from Fifer Services. He explained that the loan would have an eight-year term. If the company reaches specified goals, including hiring additional employees, 75% of the loan would be forgiven.
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