Word: duracraft
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...County put up a $700,000 plant for Emerson Electric in Paragould at no immediate cost to the company. (The company pays off the cost of the building over 20 years at 5% interest.) They floated bonds, sold $50 membership certificates, got loans on pledges of future contributions. When Duracraft Boat Corp. of Monticello could not expand because there was no water nearby on which to test and demonstrate its boats, Monticello residents dammed up a stream and created a 20-acre lake. The company expanded-to the tune...
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