Grayson approves a loan for the fitness equipment company, which will install new equipment and hire more workers.
Wednesday, January 2, 2013 at 7:00 am (Updated: January 2, 7:00 am)
By PATRICK SMITH and BEN BOMBERGER, Staff
INDEPENDENCE – Grayson County leaders have approved a $225,000 loan to a local business that will help facilitate the costs of additional capital improvements and continue to add jobs to the company.
County Administrator Jonathan Sweet told the Grayson Board of Supervisors last month that a $225,000 loan was approved by the Industrial Development Authority to Med-Fit Systems Inc. (formerly Nautilus) to complement other investments the company is making in purchasing additional equipment.
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