Reference No. CR-074-2012    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body County Council
Meeting Date 11/7/2012
Introduced Date 10/9/2012 Public Hearing Date
Effective date: 11/7/2012    
Title: A Resolution endorsing a loan not to exceed $200,000 to Nash Finch Company (“Nash Finch”) from the Maryland Economic Development Assistance Authority and Fund (“MEDAAF”) and authorizing a conditional loan by the County to Nash Finch not to exceed $200,000 for eligible project costs associated with leasing a facility in the County and capital expenditures
Proposers/Sponsors: Andrea C. Harrison, Derrick Leon Davis, Mel Franklin, Ingrid M. Turner, County Executive
Code sections: None - None
Attachments: 1. ACTION SUMMARY T2012074, 2. INCLUSION FILE I-CR-74-2012 Attachment A, 3. R2012074.pdf
Contact: Joseph R. Hamlin Office of Law
Title A Resolution endorsing a loan not to exceed $200,000 to Nash Finch Company (“Nash Finch”) from the Maryland Economic Development Assistance Authority and Fund (“MEDAAF”) and authorizing a conditional loan by the County to Nash Finch not to exceed $200,000 for eligible project costs associated with leasing a facility in the County and capital expenditures Background This resolution will endorse a loan to Nash Finch from MEDAAF not to exceed $200,000 and authorize a County conditional loan not to exceed $200,000 from the County Economic Development Incentive Fund. Nash Finch is a wholesale food distributor. The company is headquartered in Minneapolis, Minnesota and has been in business for 127 years. Nash Finch is expanding its operations to the Mid-Atlantic. After a search for locations and incentives within Prince George’s County and adjacent jurisdictions, the company selected a property located in Landover. It will lease and improve 530,000 square feet, relocate 36 permanent, full-time employees to the project site and expects to increase employment from 36 to 136 permanent, full-time employees by the end of 2016.



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