IDA Loan To Assist Rand Machine Expansion Project | News, Sports, Jobs
dphillips@post-journal.com On Tuesday, the Chautauqua County Industrial Development agency board approved loaning Premier Precision Machining, also known as Rand Machine Products, a $382,000 Al Tech loan during its monthly meeting. Carol Rasmussen, IDA business development manager, said the loan is part of the financing for a $953,837 expansion project for the business, which is located at 2072 Allen St. Ext. She said the business owners are purchasing the building next to their location, with plans to construct a new building to expand its production area by 7,000 square feet. She added that...