The Fresh Factory Awarded US$765,000 Illinois Capital Grant
The Fresh Factory was awarded a non-dilutive US$765,000 capital grant from the Illinois Department of Commerce and Economic Opportunity to support the expansion of its manufacturing operations in Bolingbrook and Downers Grove. Separately, the company entered into a US$1.0 million unsecured, subordinated revolving credit facility with New Frontier Holdings, LLC, an entity controlled by director Nathan Laurell, to fund working capital and general corporate purposes.
Key figures
- Grant amount
- US$765,000
- Credit facility amount
- US$1.0 million
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