Dec 30, 2007 4:55 pm US/Mountain
Montrose Encourages Russell Stover To Expand
MONTROSE, Colo. (AP) ―
Montrose has offered Russell Stover Candies incentives to encourage it to expand its plant in town.
The company is considering expanding two of its four factories around the country. A final decision on whether the plant in Montrose will get an estimated $5 million, 50,000-square-foot expansion will come in the spring.
The City Council has earmarked $10,000 in economic incentives for Stover, while Montrose County could offer a 50 percent rebate on the county's portion of property tax for new construction.
The plant fills about 480 jobs. Sandy Head of the Montrose Economic Development Corporation said the expansion could add up to 15 jobs that pay between $16 and $20 an hour with benefits.
(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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