Dunkin’ Donuts eyes UAB location
The local franchise owners of Dunkin’ Donuts is looking to the city for a float loan to open a store near the University of Alabama at Birmingham.
The city’s economic development committee will consider a resolution at Monday’s meeting to give RFS LLC an Economic Development Stimulus Loan of up to $361,256.
RFS LLC, the local franchise owners of Dunkin’ Donuts, want to develop a new store at 2109 Sixth Ave. S., according to the committee’s agenda. The address is formerly home to a Dominos Pizza and near UAB’s Kirklin Clinic.
The new store would create about 50 jobs.
The Economic Development Stimulus Loan would be up to $361,256 for a term of two years at an interest rate of 2.5 percent per year and secured by a letter of credit.
The local franchise owners have opened one local store in Pelham since signing a 21-store agreement in 2009 with Dunkin’ Donuts.
Filed under: economics by Specialist