Asics Named Official Partner Of IAAF NHLPA Rejects Offer To Let Players Go To Olympics Selig Among Those Being Voted On For HOF CFP Unveils Four Playoff Teams Texas Approves Deal Worth $25M For Herman LeBron James Wears Cubs Gear To Bulls Game NFL Launches Scouting Combine Fan Fest Johnson, Stewart, Earnhardt Feted At Banquet ACC Title Game Attendance Down Sharply Lundquist Gets Sendoff In Final SEC Broadcast
SBD/13/Sponsorships Advertising Marketing
LACROSSE STICK MANUFACTURER ASKS STATE FOR FINANCIAL HELP
Published August 13, 1996
The parent company of the "fastest-growing" lacrosse stick manufacturer, STX, Inc., is seeking $1M in MD state aid to finance its expansion plans in Baltimore, according to the BALTIMORE BUSINESS JOURNAL. William T. Burnett Inc. has "outgrown" both its area facilities and plans a $2.2M renovation and expansion to its plant. To help pay for the costs of keeping 250 jobs in state, the company has asked for $500,000 in low- interest loans and a $500,000 grant from Maryland's Economic Opportunities Fund. Burnett is also "being wooed" by York, PA. According to a letter obtained by the BALTIMORE BUSINESS JOURNAL, the state plans to offer a 10-year, $500,000 loan at a fixed rate of 2%. It will also offer a $500,000 conditional grant that will have to be repaid only if the company fails to retain the 255 local jobs. A legislative committee is expected to officially review the request in late August or early September (Alan Kline, BALTIMORE BUSINESS JOURNAL, 8/12 issue).