Utah-based electronics manufacturer coming to The Point
SOUTH POINT — With Friday’s groundbreaking at the five-acre site for the new Intermountain Electronics complex, work will start on bringing a $4 million addition to The Point industrial park.
“We are planning the facility to be complete and ready to open by year’s end,” Dr. Bill Dingus, director of the Lawrence Economic Development Corp., said.
Intermountain is a Utah-based manufacturing company that makes electronic switch gears and breaker boxes for the mining industry.
With funding from the Community Development Block Grant and Ohio Department of Transportation, the company is moving part of its operation to The Point. The CDBG is funding the roadways and infrastructure for the building.
The company will move into a 60,000-square-foot building to be constructed by J&H Erectors of Portsmouth.
“We are planning to build it in five months,” Dingus said.
The company has been offered a lease-purchase arrangement for the building over a 10-to-15-year period. Initially when the company opens, it will add 35 jobs with the ultimate goal of bringing that total to 50 jobs.
“They will be upper-end blue collar jobs,” Dingus said. “It will be a good family wage job with full benefits.”
The groundbreaking will take place at noon following the LEDC’s semi-annual board of trustees meeting that begins at 11 a.m. at the Chamber of Commerce building.