INDUSTRY news
Incentives Keep Keokuk Rebirth on Track An Iowa state government body’s
approval of incentives kept the rebirth of Keokuk Steel Castings (Keokuk, Iowa) on track. T e Iowa Economic Development
Authority Board approved incentives worth $1.63 million for the Mills Group to reopen the facility. Shut- tered since March 31, Keokuk was purchased by the Mills Group from Matrix Medals and is expected to reopen later this year. According to the Des Moines
Register, the incentives include a $500,000 forgivable loan, $500,000 in a zero-interest loan plus $630,000 in tax credits. “Everything hinged on that today,”
Kenny LeGrand, CFO, Mills Group, said according to the Register. “If that package was not approved today, the project would have fallen apart and the building would have been mothballed for virtually forever.” Two hundred jobs are expected to
be restored, and the facility could get back to 550. “Keokuk Castings was at one time the largest employer in south- east Iowa,” LeGrand said to the Register. “And that’s our goal to get back there.”
Flint Institute of Arts Expansion Includes Metalcasting
In June, the Flint (Michigan) Insti-
tute of Arts (FIA) started an expansion that will include an aluminum casting facility. The metalcasting facility is part of a $3.5 million artist’s maker- space that also has glass studios. Construction is expected to be
completed by the fall of 2017. The project was made possible by
a $17.5 million capital and endow- ment campaign, and the FIA raised $12.8 million of that. “We believe these additions to the FIA will create an unparalleled resource for people in Michigan and the surrounding region, offering an in-depth look at contemporary craft,” said John Henry, executive director, FIA.
Sept/Oct 2016 | METAL CASTING DESIGN & PURCHASING | 11
Keokuk Steel Castings is still on track to reopen later this year.
Photo courtesy of Brad Mills.
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