Montrose area eyed for plant, 200 jobs

QUICKREAD

• When: 6:30 p.m.

• Where: Montrose County Fairgrounds, Pioneer Room, 1001 N. Second St.

• Why: County commissioners want to hear comments about their efforts to attract an international manufacturing company to Montrose.



Government and economic development officials in Montrose County said Wednesday they are close to persuading an international manufacturing company to bring up to 200 new jobs to the community.

The state,  Montrose County, the Montrose Economic Development Corp. and the city of Montrose are prepared to offer a package of incentives to the company, which officials are declining to identify until a deal is struck.

County commissioners are holding a special meeting tonight to provide information about the company and the incentives being offered and solicit feedback from the public.

County spokeswoman Kristin Scuderi said the company is headquartered outside the U.S. and intends to move to North America. She said the company has narrowed the locations it is considering to Montrose and one other city she did not know.

The company would immediately create 40 new jobs and a total of 200 within two to three years, making it one of the largest employers in Montrose, said Sandy Head, president and executive director of the Montrose Economic Development Corp. She said the company’s average annual wage is $49,000, about 50 percent more than Montrose County’s average annual wage of $32,800.

“I cannot express to you the magnitude of this project,” Head wrote in an e-mail to Montrose Economic Development Corp. investors seeking their support.

In the e-mail, Head described the company’s clientele as “very high-end” and said they’re based both in the U.S. and outside the country. She wrote that the company’s customers will travel to and stay in Montrose for several days and possibly purchase second homes in the area.

Scuderi said the county’s unemployment rate has been above the national average, so the introduction of new jobs would be a boon to the unemployed.

“Montrose County is in need of economic development and jobs, and so if this company chose to open their North American location here, it would be a tremendous impact and enormously positive to our community and to our economy and to our citizens,” Scuderi said.

Head said Wednesday the Montrose Economic Development Corp. has been working for seven months to try to lure the company to Montrose. She said officials hope to know whether the company will select Montrose in the next four to six weeks.

Head said a number of incentives are being dangled in front of the company. She said the state and the Montrose Economic Development Corp. are offering cash through a state job-training program, performance-based incentives and enterprise zone tax credits. The county is proposing a property tax credit and another incentive, while the city is offering breaks on development and permit fees, she said.

Local governments’ and business leaders’ courting of the company comes as another large Montrose employer, Intermountain Resources LLC, fights to keep its sawmill open. The mill currently is in receivership, and officials in Montrose are hoping federal legislators will help save it.

“It’s a true example of why we have to continue economic development efforts to attract companies, because attrition can happen,” Head said.


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