MONTROSE – 3M/Ross Reels in Montrose plans to accept the city's proposal that was created to keep the company's operations in Montrose, according to 3M officials.
Montrose Economic Development Corporation approached the city and county earlier this month to see if either could provide assistance for the company, which had been exploring the possibility of consolidating its operations and moving out of Montrose.
3M currently leases three buildings – 18,000 square feet – in Montrose for its 3M and Ross Reels manufacturing operations. That lease expires on Oct. 31. In looking at improving efficiency and overhead costs, in- and out-of-state options were considered, 3M Public Relations Manager Jacqueline Berry said.
MEDC was concerned that the company could move away, costing about 20 area residents their jobs.
"The more we have 3M presence in Montrose, the better chance we have of retaining them," MEDC Executive Director Sandy Head said. "We work really hard to bring companies to this community. It only makes sense that you work just as hard to keep them here."
Last week, Montrose City Councilors unanimously approved a proposal that would offer 3M $20,000 a year for the next two years with an option to continue that funding for up to five years.
3M/Ross Reels is looking to move into one 12,000-square-foot building to help with efficiency and overhead costs, Berry said. The proposal would help with that relocation.
Montrose County also approved $25,000 on May 16, which will be provided to the city through an intergovernmental agreement and used to market and advertise tourism in Montrose County through 3M/Ross Reels and its agreement with the city.
The city's proposal, as discussed at the city council meeting, would include the creation of a joint marketing and cross-promotional plan, where Montrose would be advertised along with Ross Reels in its target markets.
Berry said 3M has agreed to accept that proposal, contingent upon the final details of the agreement.
"We are always looking to try to make sure our business remains competitive," Berry said. "This incentive will hopefully keep that skilled workforce in Montrose."
Head said she was pleased with the efforts and the outcome.
"The mission of MEDC is retention, attraction and expansion, and this falls under our main mission," she said. "Compliments to (City Manager) Bill Bell and his creativity to put this together, and I'm very pleased the County found a way to collaborate with him."