Loanpending

M&M Precision Machining could receive 100k incentive

BLEDA Finance Committee recommends approval of a 5-year, $100,000 SAC/WAC loan at 6% interest for M&M Precision Machining's new headquarters and manufacturing facility, expected to create 16 additional jobs and generate new tax revenue.

Status
pending
Document date
August 11, 2025
Contract type
Loan
Vendor
M&m Precision Machining
Agency
City of Bingham Lake · MN

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$100,000
Contract type
Loan
Contract term
5 years
Document type
Agenda
Source document
big-lake-economic-development-authority-meeting-agenda_31a.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the loan contract by City of Bingham Lake?

M&m Precision Machining was awarded this loan contract by City of Bingham Lake, as recorded on August 11, 2025. The contract value is $100,000.

How much is the M&m Precision Machining contract with City of Bingham Lake worth?

The M&m Precision Machining contract with City of Bingham Lake is valued at $100,000, covering loan work.

What type of contract is this?

This is a Loan contract, documented as a agenda record.

Where was this contract approved?

This contract appears in big-lake-economic-development-authority-meeting-agenda_31a.pdf (Agenda), dated August 11, 2025 from City of Bingham Lake. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does M&m Precision Machining hold?

M&m Precision Machining may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View M&m Precision Machining's profile

What is City of Bingham Lake currently buying?

Explore City of Bingham Lake's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Bingham Lake's profile

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