LIMA — The Allen County Port Authority began construction of necessary infrastructure for an expected $7 million expansion of Randall Bearings, a bronze parts manufacturer, earlier this July.
Located on McClain Road just south of Interstate 75, contractors are currently installing a 1,000-foot access road onto the site, and Allen Economic Development Group’s Director of Business Development Cynthia Leis said water and sewer infrastructure is also being extended to make the site shovel ready.
Cost of the infrastructure project is roughly $1 million. An additional Ohio Department of Transportation grant, in the amount of $150,000, will also help offset the final cost to the port authority, Leis said.
As for the future inhabitants of the roughly 35-acre site, Leis said Randall Bearings has an option on the site to construct an expanded 90,000-square-foot facility to replace its Greenlawn Avenue location.
According to a 10-year 95% tax abatement approved by the Allen County Commissioners last fall, Randall Bearings anticipates investing $6 to $7 million into the project to retain its 87 full-time employees.
The Randall Bearings expansion will be the latest major construction project in that area in recent years, which includes Capital City Group and the Ohio Means Jobs Allen County building. An international plastic packaging company, Logoplaste, has also planned to install a facility in the area by 2024.
Leis said the industrial area attracts such large-scale manufacturing buildings partially due to its locations to major highways including I-75 and state Route 65.
The McClain Road infrastructure project is expected to be completed by the end of the year.
A Randall Bearings spokesperson could not be reached by deadline.
Reach Josh Ellerbrock at 567-242-0398.