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Star
Herald 4 -14-02
Progress
continues at Kurt Manufacturing as new employees are added and new equipment
arrives, and the Chairman of the Scotts Bluff County Commissioners sees
the expansion project as a prime example of local government conducting
economic development smartly.
"Kurt
is an existing business with a proven track record," said Mark Masterton.
"This is a case of building from within, with a solid company, instead
of trying to land the big fish from outside. We have to do both, but
I am very supportive of this type of economic development."
Masterton
traveled to the Lyman facility recently to present a check for $510,000
in economic development funds. In terms of bookkeeping, the County serves
as a "pass-through" entity that has to approve the grant before the
Nebraska Department of Economic Development will release the federal
Community Development Block Grant.
Masterton,
however, stressed that the County Board , in reality, is more than a
"pass-through" agent in cases like this: it is an advocate of sorts,
helping to make sure that the project clears the hurdles at the State
level.
In
addition to this funding, the City of Scottsbluff has approved $490,000
in LB 840 funds, which are sales tax revenues set aside for economic
development efforts. According to the agreement the City Council and
Kurt reached, any future expansion in Nebraska beyond Lyman would take
place in Scottsbluff. No decisions have been made regarding such an
expansion, said Kurt's Lyman division manager, Larry Blehm.
"We
appreciate the support that the City of Scottsbluff , the County, and
the State of Nebraska have shown us," Blehm said.
The
project involves relocating the operations of a Minneapolis Kurt plant
to the Lyman division.
"It's
challenging," Blehm said.
To
secure the CDBG money from the State, Kurt agreed to create and maintain
30 new jobs; and as part of its LB 840 agreement with the City of Scottsbluff
, Kurt said it would create and maintain 70 new jobs over the next five
years.
So
far, equipment continues to arrive for the expanded opera- tion , and
new employees are being added. Over the past several months, Blehm said,
the workforce has grown by about 30.
For
the plant relocation, Kurt will be making a sizeable investment, Blehm
said - in the neighborhood of $3 million the first year. That figure
includes equipment, operating tools, training, supplies and payroll.
Kurt
manufactures hydraulic, automotive and general commercial components.
The Lyman division's expanded operation will focus on manufacturing
hydraulic valves for agricultural and industrial applications and some
general commercial work.
The
Minneapolis-based Kurt Manufacturing has plants in Lyman and Pueblo
, Colorado . Kurt has been in Lyman 18 years and has about 120 employees.
Star
Herald 1/23/02
The
Scotts Bluff County Commissioners signed off Tuesday on a $510,000 Community
Development Block Grant for Kurt Manufacturing that will help bring
70 new jobs to the area.
The
County, in essence, acts as the "pass-through" entity for the grant
from the Nebraska Department of Economic Development and must approve
the grant for the money to be released.
Initially,
the State had wanted Kurt to work with the Panhandle Area Development
District, but later changed its mind and opted for the County, Larry
Blehm, Kurt Division General Manager, told the Commissioners during
their Tuesday meeting.
"We're
pleased to be working with the County," Blehm said.
He
indicated that the change has resulted in a 45-day delay.
"Kurt
is very anxious to get going" on the $2 to $3 million Scottsbluff site,
Blehm said. "I'm excited about these projects. It's great for the community
and for our division."
Kurt
guaranteed the State that it will create 30 new jobs.
The
company also has secured $490,000 in LB 840 funds from the City of Scottsbluff
. To secure the commitment, Kurt guaranteed the City 70 new jobs.
The
manufacturing company, which has its headquarters in Minneapolis , has
had a division in Lyman for the past 18 years and will maintain that
facility.
Kurt
is relocating a Minneapolis plant to a site at Western Nebraska Regional
Airport . The Scottsbluff operation will focus on manufacturing hydraulic
valve components and some work for the military.
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