State board withdraws $5M loan to Northern Beef Packers | The Daily Republic
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State board withdraws $5M loan to Northern Beef Packers

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PIERRE — The state Board of Economic Development canceled a $5 million loan commitment to Northern Beef Packers on Tuesday.

The arrangement originally was approved Jan. 28, 2010. The board subsequently extended the commitment multiple times.

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The board granted its most recent extension at the Feb. 12, 2013, meeting. The commitment was supposed to run through March 1, 2014.

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