- Two men seriously hurt in crash near Fruitland (9/21/16)3
- Perryville man arrested for alleged patronizing prostitution, harassment (9/23/16)6
- Video and evidence largely confirm trooper's claims in April traffic stop shooting (9/23/16)9
- Cape man may lose eye after shovel beating, police say (9/25/16)2
- Funeral procession of former Cape Girardeau police chief Henry H. Gerecke (9/22/16)17
- Cape man accused of attacking pregnant girlfriend (9/22/16)
- Driver charged with manslaughter in crash that killed 2 (9/27/16)
- Show Me Center upgrades may allow facility to draw more elaborate shows (9/21/16)17
- Man convicted of Perryville convenience-store heist (9/21/16)
- Planning, design puts renovations of H-H building into hotel on hold (9/26/16)4
ArvinMeritor receives appreciation for expansion
Will create 250 jobs
DEXTER -- ArvinMeritor, which produces light vehicle exhaust systems, recently received a certificate of appreciation from USDA Rural Development. The certificate represents Rural Development's Guaranteed Business and Industry Loan, which will be used for the purchase of the former Purolator building that will be remodeled to fit the needs of ArvinMeritor.
The Dexter Chamber of Commerce Development obtained a loan from area banks that is guaranteed by USDA Rural Development. First Commercial Bank was the lead bank with the following participants: First Midwest Bank, First National Bank, US Bank, Union Planters Bank, Southern Missouri Bank and First State Bank and Trust.
The Stoddard County IDA participated in this development by granting funds to the Dexter Chamber of Commerce Development for the remodeling and maintenance of the building.
"First Commercial Bank recognized how the downsizing of ArvinMeritor would affect our community. We felt it was our duty to service our community and to keep these jobs here in Dexter. I personally went to the other banks in our area and asked them to join this community project," said Norman Harty of First Commercial Bank.
"The purchase and remodeling of the manufacturing building will allow for the expansion of ArvinMeritor's facility in Dexter," said Brett Dorton, Chamber vice president. "This project will create over 250 new jobs, and help retain 185 existing jobs that are crucial for our local economy. The project is a great step forward for the city of Dexter, and Stoddard County as a whole."