EARTH CITY, Mo. (KMOX) - Missouri state treasurer Clint Zweifel was in Earth City Thursday morning to announce that Hummert International has landed a $1.8 million low-interest loan.
Zweifel says Hummert received 24-hour emergency approval because the company is located in St. Louis County, and the county has been receiving emergency loans since the April 22 tornado.
The loan directly affects the company’s Earth City-based international headquarters and its 75 full-time Missouri-based employees, all of which are being retained.
“This is a significant loan for Missouri because it is not just about bringing businesses to the state, it is about keeping them here and rewarding their commitment,” Zweifel said. “This is a 77-year-old Missouri-based innovator now exporting to all 50 states and more than 70 countries. This emergency loan frees up a significant amount of cash for Hummert so it can continue to export expertise and goods.”
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