Council Approves Latest Funding Request

During the February 20 meeting of the St Paul City Council, economic development funding was approved for CHS Enterprises, LLC. CHS is partnering with Thiel's Tire and Auto Repair with a plan to locate Thiel's current business into a newly constructed building on the Hwy 281 corridor, south of the St Paul Laundromat location, in which CHS owns.

Currently, Thiel's business is located outside of the city's corporate limits and due to its expanding business needs a larger, up-to-date facility. Construction of the facility is slated to begin in the spring, and completed by mid-summer. Once operational, Thiel's plans to expand its operation to include a 4-wheel drive and customs shop.

The funding request consists of a $40,000 low interest loan and a $25,000 anticipated sales tax benefit grant which will be recouped from future sales tax receipts generated by Thiel's Tire and Auto Repair.

The economic development program and funding, authorized by St Paul's passage of LB 840 in 2000, consists of a 1% sales tax placed on eligible goods and services purchased within the city limits of St Paul. The economic development program is administered by the St Paul Development Corporation. For more information contact Mike at 308.754.4661