Gas Company to Pay MDC $52,000 for Not Meeting Loan Obligations 3/23/13
CBS 7 News
March 23, 2013
Midland - The Midland Development Corporation has ended an agreement with a gas company.
The decision was approved at a meeting last night, according to the Midland Reporter Telegram.
The MDC loaned Natural Gas Services Group $275,000 with the agreement that they would maintain 49 full time jobs between two properties. They only had 36.
The company must pay $52,000 back from the original loan.