A Sturgeon Bay health food store is getting a $250,000 loan to expand at a new location on Third Avenue. Healthy Way Market will move into a now-empty building at 142 S. Third Avenue.
The money comes from a revolving loan fund. Owner Adam Goettelman told city council members Tuesday he hopes to hire an additional twenty-five to thirty employees.
The interest rate is 4% for a five-year term amortized over twenty-five years.
Goettelman will make interest payments only until June 1, 2020.
