Manufacturer’s $1.1M expansion adding 21 jobs to Knox County

A “$1.1 million expansion project” at highly diversified metals fabricator AMG Industries in Mt. Vernon will bring 21 new jobs to Knox County, reports. The project’s funding includes “$475,000 through Ohio’s Community Development Block Grant Economic Development Program and $25,000 through the Knox County Revolving Loan Fund,” according to the article. The Area Development Foundation (ADF) administers both loan programs; ADF President Jeff Gottke said the expansion is “exactly the kind of project the revolving loan fund is designed for, to bring new manufacturing opportunities — and the higher-paying jobs that come with them — to Knox County.” For more, read the full article

Economic Development, Project Finance, State Updates