Grant could help Altec grow: Duluth may seek $550K to fuel expansion

Sunday, October 08, 2017

Altec Inc., a manufacturer of specialized aerial lift trucks, may be poised for another round of significant growth in Duluth.

Monday night, the Duluth City Council will likely vote to authorize an application for $550,000 in state economic development funds to help the company expand.

Altec already employs 229 people in Duluth and projects it could hire an additional 100 workers in the next couple of years, given the right help. The company anticipates an accompanying investment of about $12.5 million in the local production facility, located at the Clure Marine Terminal.

To read the full article, visit the Duluth News Tribune

Category: Investors