LANSING, Mich. — Sen. Dale Zorn announced on Wednesday that the city of Morenci will be able to help provide necessary job training for a local expansion project thanks to a recently approved state grant.
“This grant will help Morenci attract new jobs and more than $22 million in economic investment to the community,” said Zorn, R-Ida. “It is outstanding news for the people of Morenci, and I applaud the local leaders for working together with state officials and KAMCO Industries to make this expansion and invaluable training opportunity possible. I also want to thank KAMCO for making a multi-million-dollar commitment to Michigan.”
The Michigan Strategic Fund (MSF) awarded Morenci $250,000 in Community Development Block Grant (CDBG) funds for job training needed for a KAMCO Industries expansion project, which will generate $22.7 million in private investment and create 60 jobs.
KAMCO Industries was established in 1987 in West Unity, Ohio and specializes in injection molding for the auto industry and supplies customers throughout the U.S. The company plans to acquire and move into a building in Morenci that will allow room for future expansion.
“Due to the hard work and cooperation among local, state and company officials, Michigan was chosen over Ohio for this project,” Zorn said. “As a result, area residents will see a vital investment into their community and the creation of well-paying jobs.”
The city of Morenci is expected to contribute a property tax abatement valued at $257,000.
The Michigan Economic Development Corporation, on behalf of the MSF, administers the CDBG program, which utilizes funds received from the U.S. Department of Housing and Urban Development.