According to City Manager Greg Buckley, Paragon Partners LLC has entered into a purchase agreement for the former Paragon manufacturing plant. The 320,000 square foot facility has been vacant for the past 15 years.
Paragon Partners LLC has already secured a $250,000 loan from Manitowoc County. The Two Rivers City Loan Committee is now considering giving the group $750,000.
Buckley says if the deal goes through, more than 200 new jobs will become available.
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