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Published February 01, 2009, 12:00 PM

Grand Forks pasta plant gets loan

GRAND FORKS, N.D. (AP) — The Philadelphia Macaroni Co. is getting about $123,000 in loans from Grand Forks' growth fund for an expansion of its pasta plant in the city.

By: AP wire report, West Central Tribune, The Associated Press

GRAND FORKS, N.D. (AP) — The Philadelphia Macaroni Co. is getting about $123,000 in loans from Grand Forks' growth fund for an expansion of its pasta plant in the city.

The total project cost is estimated at $1.5 million, mostly for the addition of two flour- blending silos and miscellaneous equipment.

Money from the city will be used to buy down interest on a $1.2 million bank loan. The company also is getting $228,000 from the state-owned Bank of North Dakota.

The upgrades are expected to create 12 jobs at the plant, which currently employs 86 workers.

The Grand Forks plant is better known locally as Conte Luna Foods. It accounts for about 40 percent of the company's sales.

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