Ultra Machining Company to Expand Facility
Ultra Machining Company has entered into a Letter of Intent with the City of Monticello, Minn., Economic Development Authority regarding the potential expansion of the UMC facility.
Ultra Machining Company (UMC) announces it has entered into a Letter of Intent with the City of Monticello Economic Development Authority (EDA) regarding the potential expansion of the UMC facility at 500 Chelsea Road East, Monticello, Minn.
The EDA, in partnership with the City of Monticello, will be working to acquire land and implement economic development incentives to support the development. The expansion is tentatively planned to begin in late 2019 or early 2020. The expansion is intended to occur adjacent to the company’s current facility along Chelsea Road. Development of the new facility will create a campus setting for UMC, which will enable it to be more efficient with its workforce and production processes.
The company’s project is expected to generate 60 new jobs within the first 3 years of the expansion and generate a new tax base through the construction of a new 40,000 square foot facility. The facility could eventually grow to approximately 85,000 square feet with future employment at the site reaching 100 to 125 jobs. The expansion is in direct alignment with the City’s and EDA’s goals of attracting and retaining quality businesses that create good-paying jobs for Monticello residents, which also increases and diversifies the property tax base. UMC is one of Monticello’s largest employers and is a world-class leader in the precision manufacturing industry and has been in Monticello since 2003.
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