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5/1/2012 |
Econ |
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4B Board votes for loan, grant for new facility at airport |
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NEW BRAUNFELS — New Braunfels Industrial Development Corp., or 4B Board, voted unanimously Monday night to grant an aeronautical repair company $100,000 to move to the city and to loan that company $300,000 interest free to help build a facility. 4B recommended giving National Flight Services the thumbs up to construct a $1.2 million, 20,000-square-foot facility on 2.4 acres at New Braunfels Municipal Airport. 4B’s recommendation now goes to New Braunfels City Council for approval.
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