For Immediate Release
June 4, 2007
Contact: Julie Fedorchak
Pugsley’s Premium, LLC Receives $82,500 Loan
BISMARCK – The North Dakota Department of Commerce, in conjunction with the North Central Regional Council, has provided a $82,500 grant to the City of Devils Lake that will be a loan to Pugsley’s Premium, LLC, to purchase inventory.
Pugsley’s Premium LLC is contracted to produce 5 million muffins for convenience stores next year. Pugsley’s will use the loan funds to purchase equipment and ingredients that will increase production for this contract.
“This loan is very important to Devils Lake and the surrounding communities as it enables 21 jobs to be retained and 10 more to be created,” said Rick Anderson of the North Central Planning Council.
Pugsley’s Premium, LLC has been in business in Devils Lake since 1988 producing Pugsley’s Premium sandwiches, Coffee House Gourmet sandwiches and muffins for convenience stores and coffee houses across the United States.
Funds for the project came from the Community Development Block Grant program managed by the North Dakota Department of Commerce. The program provides financial assistance to eligible cities and counties in North Dakota. The eight regional planning councils receive an allocation from the state to fund projects in their region.
Funds are awarded in the form of grants and loans in three categories: economic development projects, public facilities and housing. Primary beneficiaries of the CDBG funds are low- and moderate-income individuals. To apply, applicants must contact the regional council in their area.
The North Dakota Department of Commerce works to improve the quality of life for North Dakota citizens by leading efforts to attract, retain and expand wealth. Commerce serves businesses and communities statewide through committed people and partners who offer valuable programs and dynamic services.