State loan to aid start up of call center in Nevada

Friday, February 27, 2004

A low-interest state loan will provide working capital for a new call center in Nevada. The new company will invest $759,000 and create at least 80 full-time jobs in the next two years.

The Missouri Department of Economic Development has approved a request from the city of Nevada on behalf of InSite Support Services, Inc. for a $160,000 Action Fund Loan.

The loan is made through the Community Development Block Grant program.

"I am pleased to announce the creation of dozens of new jobs in Vernon County as InSite Support Services has chosen to locate a new call center operation in Nevada," said DED Director Kelvin L. Simmons. "The Department was committed to working with the city and company in order to facilitate this new business location. We congratulate the city of Nevada on attracting another new business partner and new job opportunities to the community."

InSite Support Services, Inc. was founded in 1999 and is based in Newberry, S. C. The company is an incoming call center that primarily provides call-handling and technical support services for independent utility companies, including several independent, rural telephone companies and Internet Service Providers in approximately 25 states.

The Nevada facility will enable the company to expand the services it offers and build clientele in the western portion of the United States.

The Action Fund Loan Program provides a subordinate loan to certain types of for-profit companies that need funds for the purchase of new machinery, equipment, or working capital, and have exhausted other sources.

Funds will be released to Nevada upon completion of certain program requirements. The loan must be made in cooperation with a city or county-sponsor in any city with a population under 50,000 or counties under 200,000 in Missouri.

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