Jacob Mason was a part-time employee of the Callaway True Value hardware store when he was in high school. Today, he owns the business, thanks in part to the advice he received from the Nebraska Business Development Center (NBDC) on assembling a business plan and financial projections.
A native of Callaway, Mason is a parachute rigger in the Nebraska National Guard. He was working construction when the owner of the Callaway True Value told him he was planning to retire and suggested Mason purchase the business. The two spoke extensively about the idea, and Mason visited with the Custer County Economic Development Corporation (CCEDC) about possibly obtaining Local Option Municipal Economic Development Act (LB840) funding to help with the purchase of the business, along with bank and seller financing options.
He took over ownership March 2, 2020. The Callaway True Value has been in business more than 40 years. Keeping it a part of the community and retaining local ownership was important, Mason says.
The Callaway True Value is open Monday through Saturday. In addition to Mason, the store employs three people part time. “I figured on putting in long hours, because that’s what you have to do when you’re the owner,” Mason says.
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