City of Hazelwood and MTC confirm $5 million loan

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July 27th 2011

City of Hazelwood confirm with MTC a $5m loan program for Emerald Automotive at public council meeting.

After several months of negotiation and Due Diligence, The City of Hazelwood council members agreed unanimously to giving Emerald Automotive the loan. The loan will be used to enable Emerald to start recruitment in Missouri and establish their offices and manufacturing site in Hazelwood. City manager, Ed Carlstrom, Mayor Matt Robinson and MTC chief Jason Hall have been instrumental in leading the negotiation to bring Emerald to the St Louis region.