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Marion startup to use $10M in bonds

February 20, 2008
The Marion City Council has approved issuing up to $10 million in bonds to be used by Veriana Networks LLC to buy and equip headquarters it has said it wants to build in the Grant County community.

In October, Veriana, a startup specializing in technology, media and risk management for the entertainment industry, announced its headquarters plans and the intentions of hiring 280 workers over five years.

In addition to issuing bonds, the city will sell Veriana a building that had been used as a WorkOne Resource Center for $1, according to The Chronicle-Tribune of Marion. The startup will pay for improvement and use the building until its headquarters is finished.

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