State board withdraws $5M loan to Northern Beef Packers
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.
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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