MASON CITY — A Twin Cities-based company has announced that they are buying the former ShopKo building in Mason City and transforming it into a golf car and electric vehicle manufacturing facility.
EVCO Holdings LLC says after an extensive search, it’s in a preliminary agreement to purchase the building for its new manufacturing and assembly project. The company intends to create up to 100 jobs over its first five years.
EVCO’s chief financial officer Kurt Malcore says Mason City is an attractive location for their new operations and they are excited to find a facility that meets their needs “in a community with high quality of life and proximity to our key partners and markets.”
EVCO Holdings is a new company that will create various product lines in the burgeoning recreational electric vehicle market, which will include Streetrod Golf Cars and various electric vehicle-based products and components.
The City Council in Mason City at their meeting this coming Tuesday will consider supporting the company’s application for the Iowa Economic Development Authority’s High Quality Jobs program. The city is also working through terms of a development agreement with EVCO that will be brought before the City Council in a future meeting.
The company says upon final approvals of the IEDA application and the development agreement with the city, the goal is to begin operations in the first quarter of 2023.