A decision on whether or not the city of Grand Forks, N.D., will provide Cirrus Aircraft with a $950,000 loan will be delayed for at least a few days until the company answers questions about its financial standing, the Grand Forks Herald reported Tuesday. Cirrus wants to use the loan to expand its Grand Forks production facility and hire workers for jobs that are currently outsourced. But city officials noted in a meeting, Tuesday, negative financial reports about the company and the fact that the new loan would add more than 28 percent to monthly payments Cirrus was already making to the city. Cirrus' William King objected to city's interpretation of the company's financial position.
This is a companion discussion topic for the original entry at https://www.avweb.com/recent-updates/business-military/grand-forks-asks-cirrus-for-more