Posted: Mar 11, 2013 8:51 PM by MTN News
A company that has only been in operation for about three months is already getting a big financial boost.
The Montana Department of Commerce awarded ALCOM, the aluminum trailer plant in Bonner, a $900,000 grant to reduce their lease and buy new equipment.
The company is leasing a portion of the site formerly occupied by Stimson Lumber.
So far 60 employees work at the plant with expectation of hiring 200 employees by the end of 2015.
The Bitterroot Economic Development District submitted the grant request to assist ALCOM.
Mary Allen, executive director at the district, says they're thrilled to help out a big employer.
"Exciting part about this grant is that the grant only pays for certain quality of jobs. So Alcom needs to meet those minumum wage requirements which are $16.62 an hour, which doesn't include benefits. Were going to have good paying jobs here in Missoula where we are putting the workforce back to work that has maybe in the last three to five years lost jobs."
In addition to the grant, over $85,000 in Workforce Training Grant funds were awarded to help job-specific technical training for new employees.