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NEWS
By HEATHER KEELS | heather.keels@herald-mail.com | December 6, 2011
The Washington County Board of Commissioners voted 4-0 Tuesday to approve a loan of $94,476 to Sharpsburg Area Emergency Medical Services toward its purchase of a new ambulance. The company is replacing its 2000 Ford F-550 Horton ambulance, which has mileage of more than 100,450 miles, Washington County Director of Emergency Services Kevin L. Lewis said. The money will be loaned to the company from the county's Fire and Rescue Revolving Loan Fund, which had a balance of $300,000 prior to the loan to Sharpsburg Area EMS, Lewis said.
NEWS
By HOLLY SHOK | holly.shok@herald-mail.com | March 20, 2013
A local company that a Hagerstown official said could create about 70 new jobs within the next five years will receive a $100,000 loan from the city if approved next week. During a meeting Tuesday at City Hall, Economic Development Manager Jill Estavillo said the loan, which will come via the state and be administered through the city, will help fund Duvinage's business expansion that has been underway since last year. The expansion of Duvinage - a corporation manufacturing circular and spiral staircases - was necessitated following its October acquisition of Ohio staircase manufacturer Sharon Stairs, the production of which was shifted to Hagerstown.
NEWS
January 19, 2000
Washington County Health Systems Inc., the company that owns the Washington County Hospital, will receive a $340,518 loan through the City of Hagerstown to fund renovations at the new Walnut Street Community Health Center, City Council members informally agreed Tuesday. The loan will come from the city's Community Development Block Grant funds, which is federal money distributed by the city. The 20-year loan with a 2 percent interest rate will be used to complete renovations of the second floor of the clinic.
NEWS
September 10, 1997
WASHINGTON, D.C. - U.S. Rep. Bud Shuster, R-Pa., announced Tuesday that funding, in the form of a guaranteed loan, has been made available to Cumberland Valley on Ice, Inc. from the United States Department of Agriculture through its Rural Development program. The recently approved conditional commitment for a guaranteed loan of $1.4 million has been arranged by the USDA to be financed through Farmers and Merchants Trust. These funds will be used for the construction and operation of the proposed Olympic-size skating rink in Zullinger, Pa. The establishment of the rin will create two full-time and 30 part-time positions.
NEWS
By DON AINES | dona@herald-mail.com | December 7, 2012
A Washington County Circuit Court judge on Friday denied former Hagerstown Mayor Robert E. Bruchey II's motion to vacate a confessed judgment on a loan he co-signed in 2008. Bruchey said he co-signed a $60,000 loan from Biltrite Homes Corp. with Michael Griffith, who later declared bankruptcy. Judge Daniel P. Dwyer denied the motion during a hearing Friday. “No good deed goes unpunished,” the judge said, echoing a comment made earlier in the hearing by Edward Kuczynski, the attorney for Vincent Groh, president of Biltrite Homes.
NEWS
May 7, 1997
BOONSBORO - Maryland officials announced Wednesday that the state Board of Public Works has approved a $168,000 loan to help build a water treatment facility for Boonsboro and Keedysville. Boonsboro Mayor Charles F. "Skip" Kauffman Jr. said the loan, which eventually will become a grant, is part of about $1.5 million the state has promised. That equals a little less than half of the $3.1 million cost of the facility, which has been mandated by the Maryland Department of Environment.
NEWS
November 30, 1999
Washington County plans to ask director Ron Maxwell to repay $300,000 the County Commissioners loaned him to shoot a Civil War movie in the county, Commissioners President Gregory I. Snook said Wednesday. Read the full story in Thursday's Herald-Mail newspapers.
NEWS
By ANDREW SCHOTZ | andrews@herald-mail.com | July 22, 2012
Film director Ron Maxwell has repaid almost all of the $300,000 he borrowed from Washington County 10 years ago. As part of a settlement, the county agreed to waive at least $80,000 in unpaid interest Maxwell owed. County spokeswoman Sarah Lankford Sprecher wrote in an email that Maxwell made payments of $60,000 apiece on Dec. 15, Feb. 15 and April 15, and the county is considering his loan “paid in full.” Maxwell's overall payments total $298,214.52. As of October 2011, Maxwell owed the county $181,786 on the principal and $81,255 on the interest, which accrued at 4.5 percent annually.
NEWS
by TARA REILLY | August 25, 2004
The Black Rock Golf Course Board will receive up to a $250,000 loan from Washington County to replace worn-out maintenance equipment. The County Commissioners approved the loan at Tuesday's meeting. The board plans to repay the county over a five-year period. The loan will pay for new mowers and other maintenance equipment. The purchases will save about $75,000 a year in repairs and other costs associated with maintaining the old equipment, according to information included with the commissioners' meeting agenda.
NEWS
April 6, 2009
BOONSBORO -- The Boonsboro Town Council Monday night decided to give a $32,000 loan to the South Mountain Little League for improvements to a senior division field on Monroe Road. The South Mountain Little League already owed the council $6,000 it borrowed for new lights at the baseball field, Mayor Charles F. "Skip" Kauffman Jr. said. The little league organization then wanted $26,000 for a new fence and a backstop for a senior division field, Kauffman said. Town council members agreed to combine the outstanding $6,000 with the $26,000 request for a $32,000 loan to the South Mountain Little League.
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NEWS
By MATTHEW UMSTEAD | matthewu@herald-mail.com | August 13, 2013
The new public library building in Hedgesville is less than  a year away from opening now that officials have the financing in place to complete the first phase of the project. Bobby Lewis, the state director of the U.S. Department of Agriculture Rural Development office in West Virginia, joined with local leaders in Hedgesville Tuesday to celebrate the agency's approval of a $700,000 bridge loan for the project in “probably record time.” Inside the completed shell of the building, Lewis congratulated the community for coming together in support of the project and the Berkeley County Building Commission for stepping up to help the library obtain the financing.
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NEWS
By KAREN MAWDSLEY | kmawdsley@schurz.com | July 8, 2013
For some students, paying for college could be more expensive this fall if Congress does not retroactively reach a compromise after failing to agree on a plan by the July 1 deadline to prevent interest rates on some federal student loans from doubling. Interest rates on federally subsidized Stafford student loans rose from 3.4 percent to 6.8 percent on July 1. Depending on what Congress does when it takes up the issue after reconvening Monday, the increased rate might or might not be in effect for the fall semester.
NEWS
BY HOLLY SHOK | holly.shok@herald-mail.com | June 28, 2013
The city of Hagerstown will receive a $150,000 state grant that will be used to offer low-interest loans to businesses in an effort to redevelop vacant buildings and areas citywide.    Gov. Martin O'Malley on Thursday announced the grant, which is administered through the Maryland Department of Business and Economic Development and will be absorbed into the Hagerstown Revolving Loan Fund. The city will provide $75,000 in matching funds, according to a news release from the DBED.
BUSINESS
June 2, 2013
Greater Chambersburg Chamber of Commerce CHAMBERSBURG, Pa. - The Greater Chambersburg Chamber of Commerce welcomed the following new members in May: • 1st Ed Credit Union, 1156 Kennebec Drive, Chambersburg • ADP, Waynesboro, Pa. • American Red Cross Blood Bank, Bedford, Pa. • Franklin Orthodontics, 39 St. Paul Drive, Chambersburg • Keystone Women's Health Care, 830 Fifth Ave., Chambersburg • Keystone Dental...
NEWS
May 26, 2013
The U.S. Small Business Administration recently announced the SBA Veteran Pledge Initiative, a commitment by its top national, regional and community lenders to collectively increase their lending activity to veterans by 5 percent per year for the next five years. Veterans often face challenges in raising capital or have trouble receiving a conventional loan. With the support of SBA's top 20 national lending partners, and approximately 100 additional regional and community lending partners across the United States, the SBA expects to assist an additional 2,000 veterans obtain loans to start or expand small businesses by increasing lending by $475 million over the next five years.
NEWS
By DON AINES | dona@herald-mail.com | May 9, 2013
The Hancock Town Council voted Wednesday to provide a $200,000 loan to the company planning to build electronic home plates there later this year. The council voted to loan the money to Spessard Manufacturing with a personal guarantee from owner Jerry Spessard. Spessard is the co-inventor of the Eagle Eye Electronic Home Plate, which can call balls and strikes, as well as record pitch speed and other data. He plans to build a 6,000-square-foot facility in the town-owned Stanley Complex property.
NEWS
By C.J. LOVELACE | cj.lovelace@herald-mail.com | April 16, 2013
The Washington County Board of Commissioners on Tuesday unanimously approved two measures to remedy situations involving two businesses that have defaulted on county-issued loans - canceling one and extending another. By a 4-0 vote, the commissioners accepted a request made by an official with T. Rowe Price to cancel the remaining portion of a $739,206 loan issued to a subsidiary company, TRP Suburban Second Inc., by the county in August 2010. Robert Mandley, project coordinator for the county, told the commissioners that the company contacted the Hagerstown-Washington County Economic Development Commission to ask to terminate the loan agreement due to a change in internal operations that would not allow the business to meet job requirements or capital investment goals.
NEWS
By HOLLY SHOK | holly.shok@herald-mail.com | April 4, 2013
Rocky's Pizza & Cafe Napoli, a longtime business in downtown Hagerstown, will close its doors by Sunday, a city official confirmed Thursday. Hagerstown spokeswoman Erin Wolfe said the city, which owns the building that houses the pizza shop at 40 N. Potomac St., recently had a meeting with officials of the business to discuss its “financial relationship” with the city. The business officials told the city that they would be willing to vacate the premises, Wolfe said, although she refused to elaborate on the financial situation that exists between the two parties.
NEWS
By HOLLY SHOK | holly.shok@herald-mail.com | March 20, 2013
A local company that a Hagerstown official said could create about 70 new jobs within the next five years will receive a $100,000 loan from the city if approved next week. During a meeting Tuesday at City Hall, Economic Development Manager Jill Estavillo said the loan, which will come via the state and be administered through the city, will help fund Duvinage's business expansion that has been underway since last year. The expansion of Duvinage - a corporation manufacturing circular and spiral staircases - was necessitated following its October acquisition of Ohio staircase manufacturer Sharon Stairs, the production of which was shifted to Hagerstown.
NEWS
By DAVE McMILLION | davem@herald-mail.com | February 10, 2013
Boonsboro Mayor Charles F. “Skip” Kauffman Jr. issued an annual report looking back on the year 2012 during a regular Boonsboro Town Council meeting last week. Among the issues that Kauffman touched on Feb. 4 is the town's debt for its wastewater treatment plant. The plant cost $11.6 million and the total debt stands at $7.9 million. Kauffman said the plan was for the plant to be funded by new development, but there was no development in the town in 2012. The town did pay off a water-filtration project loan five years early, Kauffman said.
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