Posted March 06, 2018 08:05:08 Joann’s Craft Store, a craft ice maker and apparel retailer, has been approved for a $50 million federal loan.
The company, based in Austin, Texas, said the loan will support its expansion in the Austin area.
The loan will allow the company to acquire additional equipment and expand the store to fill the current business in West Lake, a residential community in West Austin.
Joann, a family owned and operated business since 2008, will also invest $15 million in a new store, which will be located at 2115 N. Lamar Blvd.
The store will be open until the end of March, the company said.
The new store will open in the summer, but will only serve customers with an existing membership or an existing business.
The expansion will be based on the success of the existing stores in Austin and the Austin region, Joann said.
Jo Ann’s has a growing catalog of more than 10,000 items that can be purchased online or through the JoannSCraftStore.com store.
JoAnn’s also offers craft and craft supplies, accessories and gifts.
The Austin-based company also owns a chain of clothing stores called Joann Crafts, which sells and distributes items for men, women and children.
The Texas Craft Ice Maker Association, which represents ice makers, has praised Joann for its commitment to innovation and for helping bring more people into the craft business.
Joanna Johnson, co-owner of JoannCrafts.com, said she’s excited to be able to serve the community in a way that will benefit both local families and people outside of the area.
She said Joann has always been focused on being part of the community and bringing people together to shop.
“We’re excited to partner with Joann on the expansion and to be a part of this,” she said.
“This is going to be an important part of JoannaCrafts for many years to come.”
Joann and her husband, Joe, opened the first Joann-designed ice maker in 1998.
The ice maker uses a patented method for melting ice.
The machine is currently the world’s fastest, but Joann is working on a faster, more efficient one that will be ready to hit the market in the next few years.
“Our goal is to become a trusted brand for people to trust,” Joann Johnson said.
The new Joann store will not be in West Texas.
Joanne Johnson said that she has spoken with the Texas Department of Transportation and other local officials about the expansion, but she said it’s unclear when the store will move.
The new store at 2117 Lamar Blvd will be a hub for Joann products, JoAnn said.
Joann Craft Products has grown from a single, single store in Austin to now have more than 30 locations in the United States and more than 80 in Canada, including its flagship store in Toronto.
“We’re thrilled to be joining with Joanna on the exciting future of JoAnnCrafts,” said Jim Bresch, president and CEO of the Texas Craft and Craft Ice Association.
“Joann’s has always had a passion for helping people, both inside and outside the home, so it is really exciting to see them expanding into Westlake and creating new business opportunities in the community,” Bresk said.