Larson Boats receives MC Rural Development loan to expand Triumph Boats in Little Falls

The Morrison County Rural Finance (MCRF) Board of Directors approved a $500,000 loan for Larson Boats for its Triumph Boats expansion. Pictured presenting the loan check to Larson Boats President Al Kuebelbeck are MCRF Board members and city and county officials front row (from left): MCRF Board member Mark Gerbi of RA Randall Insurance; Community Development of Morrison County Executive Director Carol Anderson; Kuebelbeck and County Commissioners Duane Johnson and Jeff Schilling. Back row: Little Falls City Council President Don Klinker; Little Falls Mayor Cathy VanRisseghem; County Auditor/Treasurer Russ Nygren and Pine Country Bank President Rob Ronning.

On Jan. 4, the Morrison County Rural Development Finance Authority presented Al Kuebelbeck, president of Larson Boats, a check for $500,000 as a loan for the Triumph Boats expansion. As the funds are paid back to the Rural Development Finance Authority, they will be used to assist other businesses in Morrison County.

“I especially appreciate the efforts of Carol Anderson at Morrison Community Development, the community of Little Falls and other organizations who partnered with us to provide additional funding to work with Larson Boats through these difficult economic times,” said Kuebelbeck.

This recent round of funding will result in positive economic activity for Little Falls boat manufacturing activity.

“The state of Minnesota and the Morrison County Rural Development Finance Authority Funding assisted us to move the Triumph Boat company from North Carolina to the Little Falls facility,” Kuebelbeck said.

“Early in 2010, five lenders united to assist Larson Boats in their efforts to keep about 170 jobs in Little Falls. Since that time, Larson Boats has continued efforts to expand and this recent round of cooperation demonstrates the commitment of Morrison County Rural Development Finance Authority and Community Development of Morrison County and Carol Anderson,” said Kuebelbeck.

“We are very pleased to see Larson Boats investing in our community,” said Anderson, who is the executive director of Community Development of Morrison County.

“Larson Boats has made a commitment to delivering a superior family boating experience since 1913. In a world where nothing seems to last, that single promise has been fulfilled thousands of times. It’s our way of fulfilling Paul Larson’s century–old commitment to combining the best performance with the best value in every boat we build,” said Kuebelbeck.

  • How much is Irwin Jacobs making in the deal?

    Gotta love gov’t. aid to local businesses, . and those businesses, in turn, investing gov’t. hand-outs in our community? Who actually gave the money to whom?? I’m confused. Is this some sort of crazy, circular “socialism” or a version of the approved gov’t. hand-out attached (to Irwin Jacobs)? Do local Republicans have any problem with this kind of gov’t intervention? Is “gov’t. aid” only good when it’s in our town?

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