Pegasus has committed to adding 23 more advanced technology jobs with generous compensation and benefits packages over the next 2 years.

In return, the City of Galesburg has extended an additional $500,000 term loan in recognizance of Pegasus’ deep commitment to local development.

The loan measure was passed by the Galesburg city council with unanimous consent.

“That provides the pathway to expansion for the company,” co-owner Ray Whitehead said. “It allows us to continue hiring new employees and expand the business, and it’s just great to be a part of the city of Galesburg. Now that we moved here, we feel like we’re home.”

Read more at Galesburg.com: Galesburg council OKs $500,000 Pegasus loan