CONTRACTPENDING

Forgivable Loan of $200k to Kinetic Technologies for Kueck Project

Disclosed value: $200,000; From agenda
Document date: May 19, 2025
Term: 5 years

What it covers

Kinetic Technologies LLC will receive a $200,000 forgivable loan over five years to build a new office and manufacturing facility in Kueck Industrial Park, aiming to stimulate economic development.

Who holds it

Kinetic Technologies holds this loan contract with City of Algona.

What happens next

Term as filed: 5 years.

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Contract details

Contract type: Loan
Amount: $200,000
Document date: May 19, 2025
Term: 5 years
Vendor: Kinetic Technologies
Agency: City of Algona
Source document: city-of-algona-city-council-regular-meeting-agenda-may-19-2025_960.pdf (Agenda)

Kinetic Technologies's other public contracts

City of Algona, IowaKinetic Technologies for Property Purchase Agreement · May 19, 2025Undisclosed City of Algona, IowaKinetic Technologies receives commitment for forgivable loan · Mar 17, 2025$200K City of Algona, IowaKinetic Technologies to be discussed in meeting · Mar 17, 2025Undisclosed City of Algona, IowaKinetic Technologies considered at Algona City Council meeting · Mar 17, 2025Undisclosed City of Algona, IowaLetter of Commitment for Kinetic Technologies USDA-RD Application · Mar 17, 2025Undisclosed All Kinetic Technologies contractsVendor profile

More City of Algona contracts

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Questions about this contract

Who was awarded the loan contract by City of Algona?

Kinetic Technologies was awarded this loan contract by City of Algona, as recorded on May 19, 2025. The contract value is $200,000.

How much is the Kinetic Technologies contract with City of Algona worth?

The Kinetic Technologies contract with City of Algona is valued at $200,000, 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 city-of-algona-city-council-regular-meeting-agenda-may-19-2025_960.pdf (Agenda), dated May 19, 2025 from City of Algona. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Kinetic Technologies hold?

Kinetic Technologies may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Algona currently buying?

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

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