The Missouri Department of Economic Development has awarded a $1.6 million grant to Lexington, Mo.-based Remington Arms Co. to upgrade machinery and equipment and enhance efficiency and safety at Remington’s manufacturing facility. As part of the project, the company will maintain a minimum employment level of 80 existing jobs.
“Supporting our state’s existing businesses is the surest way to grow our economy,” Rob Dixon, acting director of the Department of Economic Development, said in a news release announcing the grant. “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 Community Development Block Grant program, administered by the department, provides grants and loans to cities with populations under 50,000 and counties under 200,000, to support public works and economic development projects.