WASHINGTON D.C. – A Holmes County business will receive a federal loan from the U.S. Department of Agriculture (USDA) to save 30 existing jobs and create two new positions, U.S. Sen. Sherrod Brown (D-OH) announced today. Trico Enterprises, in Millersburg, will receive a $1.4 million loan from USDA’s Rural Development branch
“Small businesses—especially in rural communities—are the backbone of our economy, creating up to two-thirds of new jobs in our country. Access to capital is vital for these small businesses,” Brown said. “These new resources from the Agriculture Department will allow Trico Enterprises to save jobs, add new positions, and continue growing.”
According to USDA Rural Development, the loan will be used to purchase an existing saw mill and woodworking manufacturing facility. Funding from this project will save 30 jobs and 2 new ones will be created. The company’s lender is Advantage Bank, in Westerville, Ohio.
Brown, Chair of the Subcommittee on Jobs, Rural Economic Growth, and Energy Innovation, has held more than 200 roundtables throughout the state, and is the first Ohioan to serve on both the U.S. Senate Committee on Agriculture, Nutrition, and Forestry and the Senate Appropriations Agriculture Subcommittee.