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Monaco Coach Corp. will get $367,000 from the state of Indiana for training and updating the skills of its current and future employees in the Hoosier state, according to the Elkhart (Ind.) Truth.
“We applied for these grants based on our record of growth,” said Mike Duncan, spokesman for the Coburg, Ore.-based firm.
Monaco plans to invest $5 million in the next several months to more than double the size of its travel-trailer and fifth-wheel assembly plant in Elkhart and create around 100 new jobs, the newspaper reported.
Monaco will add 150,000 square feet of space onto its existing 110,000-square-foot towables assembly plant on Elkhart’s southwest side. The expansion will allow Monaco to increase production of Holiday Rambler- and McKenzie-brand travel trailers and fifth-wheels to between 120 and 130 units a week, compared with the current 65 to 70 units a week.
Monaco also hopes to eventually add more component parts assembly and motorhome painting capacity to its motorhome assembly complex in nearby Wakarusa, Ind. The expansion in Wakarusa will cost $3.5 million and will create another 100 new jobs.
The village of Wakarusa agreed last month to annex the land Monaco wants to use for expansion. Monaco still needs to get the site rezoned before the project can move forward.
In addition to the Indiana state funds, Monaco plans to spend $720,000 of its own money on employee education this year, Duncan added.