The state has approved an $800,000 low-interest loan to help pay for construction of Stemco Kaiser Inc.’s new research and development center in Fairlawn.
Construction has already started on the nearly $5.7 million, 20-000-square-foot air springs development facility in Fairlawn Corporate Park off Ridgewood.
Stemco is receiving the $800,000 research and development investment loan through the state Development Services Agency. The loan, at 2 percent interest, is expected to be paid back in 10 years.
Stemco, a division of EnPro Industries, has committed to 11 new jobs while retaining 14 other jobs at the site.
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State OKs $800,000 loan for Stemco R&D facility in Fairlawn
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