Heartland Awards Over 1 Million to LAIC

Posted on Monday, August 24, 2009

Heartland has awarded a historic $1,040,000 loan to the Lake Area Improvement Corporation to help with the expansion and development of 145 acres of the Lakeview Industrial Park in Madison.

Heartland officials say this is the largest loan Heartland has awarded as part of the Heartland Economic development Loan Program.

Heartland Manager of Community and Economic Development, Russell Olson, says the loan will help LAIC with a number of projects. The Lake Area Improvement Corporation Executive Director, Dwaine Chapel, says the money will be used to further develop the Lakeview Industrial Park to provide Madison needed locations for new businesses or industries to move into.

The development project began in 2007 when the Madison City Commission deeded over 160 acres of land located along Highway 34 in the Lakeview Industrial Park.