DURANT, OK-- Tuesday morning, the Durant Industrial Authority approved unanimously, a loan for Eagle Suspensions Company and Texoma Manufacturing to buy additional equipment to create more jobs.
The businesses will have to meet workforce wage standards.
Eagle Suspensions will receive a loan of $400,000 to hire 40 employees, while Texoma Manufacturing can hire up to 100 people with a loan of $1 million.
The city council approved the loans at a meeting this afternoon.
Hiring can begin immediately.