M&M Precision Machining could receive 100k incentive
City of Bingham LakeCity · MN- Disclosed value
- $100,000
- From agenda
- Document date
- Aug 11, 2025
- Term
- 5 years
The 30-second brief
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.
M&m Precision Machining holds this loan contract with City of Bingham Lake. Its other public contracts on record include work for City of Big Lake and City of Bigelow.
Term as filed: 5 years.
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Contract details
- Contract type
- Loan
- Amount
- $100,000
- Document date
- August 11, 2025
- Term
- 5 years
- Vendor
- M&m Precision Machining
- Agency
- City of Bingham Lake
- Source document
- big-lake-economic-development-authority-meeting-agenda_31a.pdf (Agenda)
M&m Precision Machining's other public contracts
More City of Bingham Lake contracts
Questions about this contract
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.
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