big-lake-economic-development-authority-meeting-agenda_31a.pdf
M&M Precision Machining could receive 100k incentive
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Description
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.
Contract Details
Contract Amount
$100,000
Vendor
M&M PRECISION MACHINING
Agency
City of Bingham Lake, MN
Contract Type
Loan
Document Date
August 11, 2025
Contract Term
5 years
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