Wells County Economic Development wrote a check Monday morning to a local company, and group members hope it is the first of many more.
Carmatech Engineering, a local startup firm that produces high quality paintball guns, was awarded the first loan from a new revolving fund made possible by a grant from the U.S. Department of Agriculture’s Rural Business Enterprise program. The fund includes a partial match by the Wells County Economic Development Corp.
In April of last year, Carmatech owner David Williams explained the engineering behind his
paintball gun and how hoped to market to the "hard-core"
paintball enthusiasts.
Learn more about the loan in the Tuesday, April 29, News-Banner.
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