McCook receives $108,000 CDBG to assist with business expansion

AREA News, News - 08.01.14

AUGUST 1, 2014 (LINCOLN, NE)—Governor Dave Heineman has awarded the city of McCook with $108,000 in Community Development Block Grant (CDBG) funding to assist Booe Machinery & Salvage LLC, with expanding its operations. The project will create three full-time jobs.

The money will be used to pave and install gutters and storm sewers along the primary road leading into the McCook Business Park, thereby providing Booe Machinery & Salvage LLC with access to two lots where the business is building a scrap metal receiving station.  The company has an existing recycling operation in Atlanta, Neb., seven miles southwest of Holdrege.

Additional funding of $127,000 from the City of McCook’s Economic Development Fund and the McCook Economic Development Corporation will complete the project.

Federal funds are made available to Nebraska from the U.S. Department of Housing and Urban Development’s CDBG program, which assists with the development of businesses and communities throughout the state.

“We are very pleased to see this project come together. In addition to the investment and job creation that Booe Machine and Salvage brings, we believe that their  efficient approach to metal recycling will help convert much of the scrap metal that sits in our garages and back yards into a cash injection for the local economy. Just as important though is that having the paving completed for the McCook Business Park will be a real game changer in recruiting new business investments there. We appreciate the McCook City Council and City Staff for their support for the project and look forward to working together as we fill the remaining sites with new economic activity,” said Rex Nelson, Executive Director, McCook Economic Development Corporation.