Show Director Discusses Local Development Plan At a meeting of the Vernal I Kiwanis Club Thursday night I of last week W G Bruhn of Salt Lake City regional direct direct- director I or of Small Business Adminis discussed the formation I of a local development torpor torpor- I alion Mr l Bruhn was intro Introduced uc I eel ed by Don Showalter local de dc- dc chairman THE COMMITTEE headed haded by Mr II Showalter is making an Investigation preparatory to the formulation and preparing of articles of incorporation for forthe forthe the sale or of stock in the corpora corpora- corporation tion corporation The corporation will initiate loans for exi existing ting and proposed industry and will receive from I the government up to 80 or 90 per cent of the loan the corporation to furnish the re re- re remaining portion Government funds will be obtained at per cent according to Mr 11 Bruhn Up to may be beI I secured for a single loan OTHER E R communities have been able to encourage new industries by providing the necessary essary capital in this manner said lir l Bruhn Vernal with its many undeveloped resources s es is ideally situated to take advantage or of this type of fin fin fin- financial ancial al assistance The formation of the corpora corpora- corporation tion has been a major project of the Vernal Chamber of Corn Com Commerce merce for several months Glenn Cooper and Ken s of the Industrial Development Committee have been directly In charge bor of oC the project f |