Press Release
Norfolk economic development group receives funds
Posted on Wednesday, July 27, 2005
A Norfolk economic development group will receive $850,000 in federal funds to remodel an empty building to attract new business.
U.S. Sen. Chuck Hagel, R-Neb., said Tuesday that the U.S. Department of Commerce awarded the Greater Norfolk Economic Development Foundation Inc. $600,000 to purchase the former Vishay Electronics building in Norfolk. Gov. Dave Heineman said he has selected the foundation for a separate $250,000 Community Development Block Grant for the building.
The 14,781-square-foot building is to be remodeled on speculation. The economic development group hopes to use it for an existing business expansion, to lure a new company or as a business incubator.
-Leslie Reed
- Story Courtesy of the Omaha World-Herald
