Primghar, Iowa, February 6, 2023 – Eric Magnussen purchased the Pioneer Seed Dealership in late 2021 and decided a new building with highway access was needed. Construction on the new warehouse and office building on the west side of Paullina started in 2022 and was recently completed. O’Brien County Economic Development Corporation is pleased to support this project through an O’Brien County IRP Revolving Loan Fund Loan. Eric remarked that he is dedicated to providing the outstanding products and services that have been the benchmark for Pioneer for the past 97 years.
O’Brien County Economic Development, in conjunction with the O’Brien County Revolving Loan Fund Committee, has approved financing for this business transition. The Revolving Loan Fund is used to attract, retain or expand business or industry. Revolving loan funds may be used for the following: Land purchases, Building purchases, Building Construction, Machinery purchases, Equipment purchases and any other uses deemed appropriate by the RLF Committee.
O’Brien County Economic Development Executive Director, Kiana Johnson, commented, “O’Brien County Economic Development Corporation is happy to be part of this business construction project. The agricultural community is a key economic component in O’Brien County. We are pleased to see this business transition develop into a new construction project that will serve our ag sector for decades to come.”
For additional information on O’Brien County Revolving Loan Funds, contact Kiana Johnson, O’Brien County Economic Development at 712.957.1313 or e-mail ocedc@tcaexpress.net .