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The Port Authority approved selling land at 720 Innovation Drive to Ronco Engineering Sales, Inc. for $55,000 per acre and approved the company’s loan request. Ronco plans to build a larger facility and continue operating in Winona.
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The decision supports Ronco’s planned expansion at a new site in Winona after the company said its current facility is outdated and no longer workable. The meeting record does not provide the loan amount or terms. A proposed license agreement for use of the ProBuild parking lot was removed from the agenda and will return later.
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