Central Ozark Machine expands in Alton, investing $125,000 and creating 2 new jobs

Central Ozark Machine, a family-owned-and-operated machine shop, announced today that it is expanding in Alton, investing $125,000 and creating 2 new jobs. The company's expansion includes the addition of production machinery and increased facility capacity.

"Central Ozark Machine's expansion is an example of the positive local impact that our strong and fast-growing manufacturing sector is producing statewide," said Governor Mike Kehoe. "It's always exciting to see Missouri-made companies growing and thriving in their communities while providing new investment and jobs. We congratulate Central Ozark Machine on its success and look forward to its continued contributions to Oregon County."

Central Ozark Machine, a supplier for the aerospace industry, has been doing business in Oregon County since 1981. The company manufactures aluminum and titanium structural parts for defense aircraft, with customers including Boeing, Lockheed Martin, the Defense Logistics Agency, and many more.

"I understand the importance for Central Ozark to exist and provide jobs for the local community," said Jason Sidwell, President of Central Ozark Machine. "By reinvesting in the business we are paving the way for even more growth in the future. When our local businesses grow it benefits our community and that's always a good thing."

Central Ozark Machine's additional capacity and personnel will be added this month. Along with a wage higher than the county average, the company offers health benefits and retirement planning.

"At DED, we strive to help Missourians prosper by supporting businesses and communities - Central Ozark Machine's growth in Alton is furthering that mission," said Michelle Hataway, Director of the Department of Economic Development. "When companies have the confidence and tools they need to expand, it results in greater opportunities for everyone. We're grateful for Central Ozark Machine's commitment to its community and proud to support its growth."

For this expansion, Central Ozark Machine will benefit from the Missouri Works Program, a tool that helps companies expand and retain workers by providing access to capital through withholdings or tax credits for job creation. The company is estimated to receive $20,003 through the Missouri Works Program subject to verification of program requirements.

About Central Ozark Machine

Central Ozark Machine consistently provides products and services that meet the requirements and expectations of its customers. The company has received several achievements and certifications for various quality standards.

To learn more about Central Ozark Machine, visit centoz.com.

About the Missouri Department of Economic Development

The Missouri Department of Economic Development (DED) works to create an environment that encourages economic growth by supporting Missouri's businesses and diverse industries, strengthening our communities, developing a talented and skilled workforce, and maintaining a high quality of life. As one team built around the customer and driven by data, DED aspires to be the best economic development department in the Midwest. Through its various initiatives, DED is helping create opportunities for Missourians to prosper.

For the latest updates on DED's current or future programs and initiatives, visit DED's website.

About the Missouri Works Program

As the state's number one incentive tool for expansion and retention, the Missouri Works Program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri.