Word: fibercraft
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...little hope, though, is rolling into Sac City. After numerous meetings with an industrial search firm in Des Moines, the town leaders have turned up a hot prospect for new business: Fibercraft Inc., a division of Equity Automotive Corp. of Delano, Minn. The company will take over a 37,500-sq.-ft. warehouse abandoned in 1982 by Lear Siegler's Noble Division. Starting next month Fibercraft will turn out fiber-glass camping trailers and initially provide 40 precious jobs. In two years the payroll could rise to 100 people. "Everybody's excited," says Marilyn Hobbs, executive director of the Chamber...
...Things are different out here," says Dennis Holcomb of Shive-Hattery Engineers in Des Moines, whose search helped find Fibercraft for Sac City. Says Holcomb: "Iowa is full of small towns that can't come up with tax exemptions or low-interest loans the way bigger cities can in the East. So they turn to their friends and neighbors. It's truly a heartening thing...
...raise even more money, Equity Automotive will issue stock, at $1 a share, to those who contribute to the fund-raising campaign. In return, Fibercraft has promised to name a Sac City official to its board, giving the community some voice in what the plant does after it moves in. Says Anne Lubeck, who runs the Corner Store at 16th and Main: "It will be such a psychological lift. We haven't had a lot to celebrate around here for a long time...
...Even as Fibercraft moves in, Sac City continues to lose other businesses. Within the past three weeks an engine-repair facility and a veterinary-supply firm closed their doors. But another manufacturer has talked about taking over the vacated quarters of a seed processor. Said City Administrator Gary Mahannah: "We're fighting a holding action until the farm economy turns around. The trick is to survive until that day comes." So far, the score is about even between Sac City and the mortgage payments that were due yesterday...
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