Beatrice Manufacturer looks for Money from City, State

BEATRICE -- Arial">A Beatrice manufacturer has applied to the city and the state for a $500,000 economic development loan to restart its factory under new ownership. The Dempster Industries factory closed in late 2011 after the remaining dozen employees left because they weren't paid and their health premiums and retirement contributions weren't paid. The company has been acquired by Canadian entrepreneur Ryan Mitchell and he hopes to begin making fertilizer spreaders in time for the spring planting season. But he can't do that by himself...He needs about $300,000 from the city and the rest from the state in order to obtain bank loans for the financing. The Beatrice City Council will review the loan application Nov. 18. The company plans to hire 15 people initially and eventually expand to 31 workers.

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