|(FEBRUARY 16, 2012) WHITNEY WREATH AND MACHIAS SAVINGS BANK HEADED TO WHITE HOUSE FOR SPECIAL RECOGNITION|
|Bangor, ME, Feb 16, 2012
@@Whitney Wreath and Machias Savings Bank have accepted an invitation by the White House and USDA to a “Recognition of Manufacturing Success in Rural America” event with White House Officials, featuring Deputy Under Secretary for USDA Rural Development Doug O’Brien and Administrator for USDA Rural Development Rural Business and Cooperative Service Judith Canales.
The special event will take place Friday, February 17, 2012 at The White House, Eisenhower Executive Office Building in Washington, DC. Whitney Wreath, located in Whitneyville, just outside of Machias manufacturers holiday wreaths and other decorations for sale worldwide as a vendor for major retailers. Whitney Wreath utilized a USDA Rural Development Business and Industry Guaranteed Loan with lender Machias Savings Bank in the amount of $3,269,200 to make it possible for the manufacturing company to build its state-of-the art wreath assembling facility. This funding supports approximately 455 jobs at this manufacturing business.
USDA Rural Development State Director Virginia Manuel said, “Congratulations to Whitney Wreath for being selected for this honor. This special recognition of Whitney Wreath and manufacturing businesses like it from across the country really underscores the significant role these businesses play in supporting local jobs and driving our rural economies. I am pleased that USDA Rural Development and Machias Savings Bank could partner to ensure the success of this Maine manufacturing business and support President Obama’s vision for “An America Built to Last.”
Whitney Wreath President David Whitney said, “I'm thrilled that USDA Rural Development is honoring Whitney Wreath. We work hard to grow our business and to employ residents of Washington County in good jobs in an exceptional facility. Each day I come to work and marvel at this great building and the people who work here -- people who are the promise, the future, of Whitney Wreath. We wouldn't be here without the commitment and support of many people, both internally and throughout the community. I believe that USDA Rural Development is recognizing the hard work and dedication to the economic future of our region of each and every one of those people. And for that, I'm honored.”
Jim Donnelly, Executive Vice President, Machias Savings Bank said, "Machias Savings Bank is committed to working with the entrepreneurs of Maine. We understand the challenges that face
USDA Rural Development has Area Offices located in Presque Isle, Bangor, Lewiston, and Scarborough, as well as a State Office, located in Bangor. There are 69 employees working to deliver the agency’s Housing, Business, and Community Programs, which are designed to improve the economic stability of rural communities, businesses, residents, and farmers, and improve the quality of life in rural Maine. Further information on rural programs is available at a local USDA Rural Development office or by visiting USDA Rural Development's web site at http://www.rurdev.usda.gov/me.