County Approves $500K Loan for Sustainea Bioglycols Facility
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Description
The Tippecanoe County Council approved a forgivable loan of up to $500,000 for Sustainea Bioglycols, LLC through a Taxable Economic Development Revenue Note, to support the construction of a new manufacturing facility. The Series 2026 Note will mature by December 31, 2035 unless conditions for forgiveness are met under the loan agreement.
Contract Details
Contract Amount
Not to exceed $500,000
Vendor
SUSTAINEA BIOGLYCOLS LLC
Agency
Tippecanoe County, IN
Contract Type
FINANCIAL_SERVICES
Document Date
June 9, 2026
Contract Term
Until December 31, 2035 unless forgiven under contract terms
Renewal Date
2035-12-31
Renewal Info
Loan is forgivable upon satisfaction of conditions as defined in the agreement; matures December 31, 2035 unless earlier forgiven.
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