Loan guaranteed for cheesemakerFebruary 24,2012
GREENSBORO — Jasper Hill Farms in Greensboro has been granted a $930,000 federal loan guarantee to support value-added agriculture in the state's growing cheese industry.
The loan guarantee will support 20 existing jobs and create 14 new ones, according to Vermont's congressional delegation.
The USDA Rural Development loan guarantee will be used to finalize construction of two unfinished cheese cave vaults, which are controlled environments where cheeses are aged. The money will also help with the completion of office and lab space.
In 2007, Jasper Hill Farms received a $500,000 loan guarantee through USDA Rural Development to help build a 21,000-square-foot cheese aging facility. The project resulted in 10 new manufacturing jobs.
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