The Commercial-News, Danville, IL

Local News

December 13, 2012

New grocery store receives city financial assistance

DANVILLE — Ruler Foods is the latest business to receive city economic development funding for its renovations.

The discount supermarket, a subsidiary of Kroger Co., is going into the former Save-A-Lot store space at Main and Griffin streets, north of Dollar General.

The grocery store is expected to open early next year.

To help with purchasing refrigeration, cold storage and other equipment and fixtures, the city is providing Kroger Co. $225,000 in funding.

The Kroger Co. is one of the worlds’ largest grocery retailers, with fiscal 2011 sales of $90.4 billion. Kroger’s Family of Stores spans many states with store formats that include grocery and multi-department stores, discount, convenience stores and jewelry stores.

Also for the project, Danville Public Development Director John Heckler said $30,000 is coming from the city’s revolving loan fund.

The remaining $195,000 is coming from the city’s Community Development Block Grant funding earmarked for economic development projects.

Danville Neighborhood Development Manager John Dreher said these types of projects and any city assistance are “always initiated by way through Vermilion Advantage.”

The city earmarks a certain amount of money each year for economic development projects. The money can be used for acquisition of land, construction, infrastructure such as roadway or sewer work, tools and machinery, inventory and other renovations.

In the Ruler Foods case, with an empty building, the funding is assisting with putting in refrigerated food storage which can cost a couple hundred thousand dollars, Dreher said.

Dreher said the $30,000 from the revolving loan fund is a “forgivable loan.”

The revolving loan fund has been around in the city for about 30 years.

The program would involve low-interest loans for business renovations and help businesses get established, or assist established small businesses in growing their business, with payments returned to the city.

In recent years with rock-bottom interest rates and business people saying they can’t pay the money back, the city has given out the “forgivable loans,” Dreher said.

Text Only
Local News
  • Ice cream social set

    July 25, 2014

  • Meal to help fire chief

    July 25, 2014

  • No Headline Provided Illinois lottery (Friday) Pick Three-Midday: Pick Three-Evening: Pick Four Midday: Pick Four-Evening: Lucky Day (day): Lucky Day (eve): Lotto Jackpot: Indiana lottery (Friday) Daily Three-Midday: Daily Three-Evening: Daily Four-Midday: Daily Four-Ev

    July 25, 2014

  • Police, Fire Reports

    July 25, 2014

  • Grant enhances library garden DANVILLE — This summer, more children will have the opportunity to experience wildlife in the Children’s Wonder Garden at the Danville Public Library.This is thanks to a $1,213 grant from the Ronald McDonald House Charities of Central Illinois. The

    July 25, 2014

  • Pet event to benefit area shelter HOOPESTON — Here’s your chance to help homeless animals while having a good time.

    July 25, 2014

  • 'Oz' event supports literacy, Danville Library Foundation DANVILLE — The Danville Library Foundation announces its From Page to Stage: Vol. IV “Oz.”This year, the event will take audience members to “Oz” with two special celebrations. There will be the “Oz” concert and Emerald Ball and concert preview.At 3

    July 25, 2014

  • librarygreeting2.jpg Library sends to others: 'Greetings from Danville' DANVILLE – Library officials are asking children and adults to be a part of two library programs that ask them to send greetings to other towns named Danville around the country and “How do you Library?”Through Aug. 15, Danville residents can tell ot

    July 25, 2014 1 Photo

  • East Main Street study continues DANVILLE — With the East Main Street construction finished, local representatives continue to meet to discuss the future of one of the main corridors in the city.A stakeholders group, including representatives from Danville Area Community College, th

    July 25, 2014

  • Varying subsidies worry consumers MIAMI — Linda Close was grateful to learn she qualified for a sizable subsidy to help pay for her health insurance under the new federal law. But in the process of signing up for a plan, Close said her HealthCare.gov account showed several different

    July 25, 2014

E-edition
Spring 2014 Photos


Buy these photos and more via Smugmug

AP Video
Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites
NDN Video
What's Got Jack Black Freaking Out at Comic-Con? Doctors Remove 232 Teeth From Teen's Mouth Bradley Cooper Explains His Voice in 'Guardians of the Galaxy' Deja vu: Another NYPD officer choke-holding a suspect Chapter Two: Becoming a first-time director 'Fifty Shades of Grey': Watch the Super Sexy First Trailer Now! Reports: Ravens RB Ray Rice Suspended For 1st 2 Games Of The Season Air Algerie plane with 119 on board missing over Mali Diamond Stone, Malik Newman, Josh Jackson and others showcase talent Free Arturo - The World's Saddest Polar Bear A Look Back at Batman On Film Through The Years LeBron James -- Dropped $2k On Cupcake Apology ... Proceeds To Benefit Charity Snoop Dogg Says He Smoked Weed at the White House Raw: Fight Breaks Out in Ukraine Parliament Chris Pratt Interrupts Interview To French Braid Intern's Hair Shirtless Super Mario Balotelli Dances While Ironing - @TheBuzzeronFOX Whoa! Watch "Housewives" Star Do the Unthinkable LeBron apologizes to neighbors with cupcakes Justin Bieber In Calvin Klein Underwear Shoot Samsung Pre-Trolls The IPhone 6 With New Ad
Must Read