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10
April
2012

EI Microcircuits to build second facility

EI Microcircuits has borrowed US 860,000 dollars in loans from the city of Mankato, Minnesota, US, to build a second manufacturing facility .
According to the local news organisation, Mankato FreePress, EI Microcircuits plans will build the facility on 6.36 acres and will pay back the loan back over 15 years at 3 percent interest.

The total cost for the project is estimated to be US 6.7 million and must create at least 17 new jobs to receive city subsidies of $50,000 per full-time employee.

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Source: Mankato Free Press
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