updated: 5/3/2012 12:47:17 PM
The city of Evansville is closer to meeting a commitment for anew employer. Our partners at the Evansville Courier & Press report City Attorney Ted Ziemer believes a $4.8 million loan approval for Earthcare Energy LLC could happen as early as next week. The Texas company plans to locate at the former Whirlpool site.
If the loan goes through, the proposal still requires Earthcare and Vectren Corp. (NYSE: VVC) to sign a purchase power agreement.
The initial proposal, announced by the city in March, includes plans for more than 120 jobs and an estimated $32 million in profit sharing.
Source: Evansville Courier & Press