Remington Outdoor Company (ROC) has announced plans to establish a firearms manufacturing facility in Huntsville, Alabama.
AL Gov. Robert Bentley at Remington announcement in Huntsville (photo – alabama.gov)
ROC will invest $110 million into the project, to be located in the 843,000-square-foot Chrysler Electronics building which is now vacant.
The project is expected to create more than 2,000 direct jobs in Huntsville over the next ten years.
George Kollitides, chairman and CEO of the Madison, NC-based Remington Outdoor Company, said the additional capacity is essential for the company to fulfill demand and introduce new products.
ROC already has 19 locations in the U.S., but had been scouting sites after gun-control legislation was passed in states where they are currently located.
Alabama Governor Robert Bentley said in a statement that he is honored to welcome Remington to Alabama, and added that the state’s workforce, business climate and quality of life continue to make it extremely attractive to companies.
Gov. Bentley said their relationship with Remington was just beginning, and he looks forward to a continued partnership with the company.
Alabama Commerce Secretary Greg Canfield said Remington is a historic brand, and this project proves that Alabama can compete against any state.
Alabama successfully competed against more than two dozen states to secure the Remington project. The name of the company was kept secret until yesterday, with the project being referred to in official documents under the codename “Project Traveler.”
Remington has been offered a massive package of state and local incentives totaling nearly $70 million. State incentives add up to around $54 million, including $16 million in recruitment and workforce training support through AIDT, the state’s workforce development agency.
The City of Huntsville, Madison County and the Industrial Development Board of the City of Huntsville on Monday approved a project development agreement under which they will buy the Chrysler factory valued at more than $10 million and lease it to Remington at no cost.
Huntsville will also pay Remington $2 million in performance-based incentives for job creation. Another $2 million in incentives will come from Morgan County, Limestone County and the City of Athens.
Huntsville Mayor Tommy Battle said news of this Remington facility expansion was yet another example of Huntsville fulfilling its economic development promise. Mayor Battle added that Huntsville’s workforce was among the best and brightest in the nation, and they deserve challenging career opportunities, along with the high quality of life Huntsville offers.
Madison County Commissioner Dale Strong said the pro-business environment and the region’s extensive manufacturing experience helped them outmaneuver two dozen other states that were also looking to attract Remington.
Remington expects to begin operations in Alabama within 18 months, once the facility upgrades are completed.
via:http://www.economicdevelopmenthq.com/blog/remington-huntsville-al-firearms-manufacturing-plant/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+economicdevelopmenthq+%28Economic+Development+Blog%29
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