EPI loan forgiveness request
Summary
A 33-year-old county-financed manufacturer that employed thousands is failing after Ford pulled its business and tariffs raised costs. The county must decide whether to forgive a $317,612 loan or hold out for a buyer's reported $100,000 payment that would also preserve about 20 local jobs.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Aug 13, 2026.
Impact analysis
Forgiving the loan means county taxpayers eat the full $317,612; holding out could recover up to $100,000 if the sale closes.
If forgiven, EPI's owners and possibly a buyer who'd keep employees on; if not, county taxpayers recover whatever the equipment sale yields.
County taxpayers bear the loss if the loan is forgiven with nothing recovered.
Mentions & discussions (1)
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