For Immediate Release
June 14, 2007
Contact: Julie Fedorchak
Wangler Foods & Hardware, Inc. Receives $55,000 Loan
BISMARCK – The North Dakota Department of Commerce, in conjunction with the South Central Regional Council, has provided a $55,000 grant to the City of Bindford that will provide a loan to Wangler Foods & Hardware, Inc. to purchase equipment.
The community came together to build a new store after the former grocery store burned to the ground. The store will be operated by Fred Wangler, who also owns other grocery stores in surrounding rural communities. Wangler Foods& Hardware, expected to open sometime this summer, will employee three people.
“The grocery store is a core business and a valuable asset for the community,” said Eric Hoberg of the South Central Regional Council. “It is something the community realized they needed to rebuild after the other one burned down.”
The loan funds will be used to purchase various large coolers for the store including a meat, diary, frozen food and walk-in cooler.
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.