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$1.6 million state grant keeps Remington Arms open

Money allows for upgrades, keeps the company in Lexington for 5 more years

Remington Arms received a state grant of $1.6 million to make upgrades to the dust ventilation collection systems at its two buildings in Lexington. As part of the agreement, Remington Arms must maintain a minimum of 80 jobs and stay in town for the next five years. (Photo by Leah Wankum/Richmond News)

By Leah Wankum, Editor

A state grant to make upgrades at Remington Arms Company LLC saved it from closing down.

The Lexington-based firearms manufacturing facility received a grant of $1.6 million from the Missouri Department of Economic Development to make equipment and machinery upgrades. Part of the arrangement for the Community Development Block Grant requires that Remington Arms maintains at least 80 existing jobs.

“Supporting our state’s existing businesses is the surest way to grow our economy,” said Rob Dixon, acting director of the economic development department, in a statement. “We are proud to work with communities to make it easier for companies to do business in rural Missouri. These upgrades will allow Remington to compete in the global marketplace and pave the way for growth opportunities in the future.”

The complete story is in the Friday, July 21, 2017 Richmond News.

Click here for our E-edition and read the rest of the story.

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