MEADVILLE -- The Economic Progress Alliance of Crawford County announced today that they were awarded a $843,250 Department of Community and Economic Development Infrastructure Development Program (IDP) grant. The grant award will be part of a $2.65 million project to complete site and building improvements at the Crawford Business Park on Dunham Road in Vernon Township. The project will continue the redevelopment of this brownfield site on 32-acres of land with buildings totaling approximately one million-square-feet and currently supporting over 1,000 jobs.
“Governor Corbett’s goals are simple – create a business climate to help usher in the new industrial revolution and to make sure that jobs are available to every Pennsylvanian that wants one,” said Department of Community and Economic Development Secretary C. Alan Walker. “Investing in infrastructure projects that help prepare former industrial sites for development will play a key role in preparing for new growth. Today’s investment in Acutec will result in $1.8 million of private investment and the addition of 35 new jobs in the region.”
Acutec Precision Machining Inc., an aerospace parts machining company, currently operates from two locations in Crawford County, one in Saegertown and one in the main complex of the Crawford Business Park. Since early 2007, the company has expanded from its original 30,000-square-foot manufacturing space at the Crawford Business Park to its current 80,000-square-foot manufacturing and administrative office space. The company is now looking to double its operational capacity by adding another 80,000-square-feet of climate-controlled manufacturing space at the Crawford Business Park.
Acutec president Rob Smith says the company currently has about 20 machinist positions open, with more to be announced in the future as the expansion project moves forward.
The project will also include parking area construction, entrance improvements and road improvements. Additional funding for the project will be provided by a $1.8 million loan from Northwest Savings Bank. It is also anticipated that this project will bring private investment of about $3.3 million into the facility within the next three to five years. Acutec also plans on investing $10-12 million in new equipment in the next three years, and has already invested $4 million in new equipment just this year in anticipation of the expansion.
Upon completion of these renovations, the main complex will reach nearly 100 percent occupancy of one million-square-feet of renovated space. The IDP grant award will provide the opportunity to make much needed site and building improvements in order for Acutec to complete the expansion of its business and to create and retain local jobs.
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