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MILFORD, Iowa | Pending approval of a deal with state and local officials in Iowa, a Minnesota-based office furniture manufacturer plans to bring 100 jobs to Milford.

The Iowa Economic Development Authority Board, at its monthly meeting Friday, will consider awarding a $515,000 financial aid package to Liberty Diversified International, the parent company of New Hope, Minnesota-based Safco Products.

If approved, the new employer could provide a huge boost for Milford, which lost 330 jobs earlier this year after Polaris Inc. ended production at its 430,000-square-foot facility in the Dickinson County city.

After acquiring the former Polaris plant for $4 million and renovating it, Safco would begin manufacturing office furniture and organizational products in the sprawling one-story structure, according to state documents released Thursday. The purchase price is part of Safco's total $15.1 million investment.

Safco has asked the state for a $250,000 forgivable loan, a $250,000 five-year, interest-free loan and $15,000 in tax credits in help to finance the project, according to state documents.