Newport panel OKs grant to buy, rehab former Bogner plant
NEWPORT, Vt. (AP) - The Newport City Council has approved an application for a $1 million state grant to transform a former plant into an off-road electric vehicle hub.
The Caledonian Record reports that Northeast Kingdom Development Corp. would use the Vermont Community Development grant and bank loans as part of a $2.45 million project to buy the former Bogner plant, renovate it and to lease it to local firm Track Inc. Track sells snow groomers and all-season vehicles.
Owner and CEO Mike Desmarais told the city council on Monday that he hopes to attract three Quebec electric-vehicle-related companies to the site.
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