Lt. Governor Skillman Awards a $250,000 Community Economic Development Program Grant to Whitley County
The grant will help create 15 jobs by 2012
Lt. Governor Becky Skillman has awarded Whitley County a $250,000 Community Economic Development Program grant for purchase of capital equipment for Triad Metal’s new Columbia City operations. These funds, from the federal Community Development Block Grant (CDBG) program, were dedicated to Indiana after several natural disasters caused damage in many areas across the state during 2008.
"In these tough economic times, it is critical to leverage all of the resources we can to spur economic growth in rural Hoosier communities,” said Lt. Gov. Skillman. "By supporting Triad Metals, Whitley County is driving economic recovery in their community in a growing business sector."
Triad Metals is a wholesale distributor of structural steel. The company is currently building a new 165,000 sq ft facility in the Columbia City area. The grant will fund the purchase of four state-of-the-art saws, four cranes for the purpose of moving product in the warehouse, and a heavy duty forklift.
“Despite the adverse winter weather conditions, the project remains on schedule with the buildings’ steel structure erected and the crane-ways and columns currently under fabrication,” said Ronald J. Hammond, chief executive officer of Triad Metals International, “I continue to look forward to the opening of our first Midwest steel distribution facility in summer 2011.”
Indiana's CDBG Disaster Recovery program is administered by the Indiana Office of Community and Rural Affairs.
Lt. Governor Skillman oversees the Indiana Office of Community and Rural Affairs. OCRA was created by legislation in 2005, making rural Indiana a major focus for the first time. For additional information on OCRA and its programs visit www.ocra.in.gov.
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