MEDCO touts business expansion, relocation projects
Announces ELPLAST America as first tenant in Marion Enterprise Center
The City of Marion is on a roll in terms of economic development with new businesses locating in the community and existing companies planning expansions.
That assessment was delivered Wednesday by Tom Barnes, chairman of the Marion Economic Development Co., at the organization's annual luncheon meeting. The event at the Best Western Plus Longbranch Hotel and Convention Center in Cedar Rapids drew a near capacity crowd of more than 300.
"ELPLAST America will be the first tenant of the new Marion Enterprise Center, a 184-acre shovel-ready business park that was developed jointly by MEDCO and the City of Marion," Barnes said. "The company will begin construction this spring on a 30,000-square-foot building and initially employ 36 people.
"Freund-Vector is planning a $2.16 million expansion project that will add 12,000 square feet and create 12 high quality full-time jobs. Marion Iron will be relocating to the Marion Industrial Center this year, allowing for the $54.3 million development of the Marion Central Corridor."
Barnes said Hupp Electric, 275 33rd Ave SW in Cedar Rapids, has purchased the Kwik-Way building on Highway 13 and plans to move 100 jobs to Marion. Kwik-Way is reportedly moving its operations to a building near Hupp Electric's existing location in Cedar Rapids.
Barnes noted that Fiberight is planning to construct a 50,000-square-foot building in Marion to divert 350 tons of municipal solid waste from landfills and convert the waste into ethanol. The company is expected to create approximately 40 jobs.