Posted: Thursday, 13 September 2012 8:22AM
Arlington restaurant to expand with help from HCPD
An Arlington restaurant is receiving help from Heartland Consumers Power District to help it expand its business. 14-81 Grille in Arlington, owned and managed by Jason and Shelly Parker, recently was awarded a Heartland Economic development loan program (or HELP) fund loan to help finance an addition as well as new HVAC, restaurant, and catering equipment.
The HELP loan will be used to increase efficiencies within the existing restaurant as well as to build extra storage space. A more efficient heating and cooling system will be installed and insulation added, new kitchen equipment will also be purchased to accommodate increasing demand, and at least nine new positions will be created.
Citizens State Bank of Arlington also provided funding to the Parkers and partnered with Heartland on the project.
Heartland established the HELP Fund to foster growth and economic development within customer communities through a revolving loan fund. Interest rates are typically lower than traditional rates and funding may be provided for up to ten years on land, buildings and permanent fixtures. Heartland customers, their economic development corporations and businesses served by Heartland customers are eligible to apply.