MOUNT VERNON — A Mount Vernon business will be the recipient of a $450,000 low-interest loan.

The Knox County Commissioners Tuesday approved a grant agreement with the Ohio Development Services Agency for $432,800. The grant will go into the revolving loan fund managed by the Area Development Foundation, to be used by Stein Brewing Co.

ADF president Jeffry Harris said the loan will be available to Stein Brewing at a rate of 2.7 percent for up to 10 years.

 

Nick Sabo: 740-397-5333 or nsabo@mountvernonnews.com and on Twitter, @mountvernonnews

 

 

 

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