Commerce Dept Loan Forgiveness
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Title : Commerce Dept Loan Forgiveness
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Title : Commerce Dept Loan Forgiveness
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news-today.world | On July 25, 2013, the Maryland Department of Commerce made a $500,000 Conditional Loan to Wicomico County to help finance a portion of the renovation and upgrade to the airplane hangar space currently occupied by Piedmont at the Wicomico Regional Airport.
The conditions were for forgiveness of 1/5 of the balance of the loan if Piedmont Airlines, Inc. employed at least 150 Permanent Full-time Employees at the facility from December 31, 2013 thru December 31, 2017.
The conditions were for forgiveness of 1/5 of the balance of the loan if Piedmont Airlines, Inc. employed at least 150 Permanent Full-time Employees at the facility from December 31, 2013 thru December 31, 2017.
Wicomico County met the Department's goal and the Department forgave $85,289.56 and all allocable accrued interest is null and void.
"Congratulations on the retention of 150+ jobs. We appreciate the contributions and efforts of the County as it continues to strengthen the economy of the State of Maryland", wrote Secretary R. Michael Gill, Maryland Department of Commerce.
"Congratulations on the retention of 150+ jobs. We appreciate the contributions and efforts of the County as it continues to strengthen the economy of the State of Maryland", wrote Secretary R. Michael Gill, Maryland Department of Commerce.
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