Tag Archives: Gila Bend

Arizona businesses win stimulus funds in lottery

by Emily Gersema – Oct. 19, 2010 12:00 AM

The Arizona Republic

A cement plant under construction in an area 35 miles north of Prescott won $17.7 million in tax-exempt federal stimulus bonds Monday at a state lottery.

In a small conference room, Arizona Department of Commerce officials drew from a basket a small square paper with the name of Drake Cement LLC as the first of three entrants to share $29.7 million in recovery zone facility bonds for private construction projects.

Paloma Dairy near Gila Bend will receive the $6 million it requested to add a second dairy to its operations. And paint maker Dunn-Edwards will receive $6 million for a plant in south Phoenix. It had requested $22.2 million.

via Arizona businesses win stimulus funds in lottery.