IEDC Europe News

Lotion Manufacturer to Move Facility from Arizona to Indianapolis

2012-02-02T14:53:00.000+01:00

INDIANAPOLIS (Jan. 27, 2012) - Sunshine Manufacturing, LLC, a subsidiary of New Sunshine, LLC, announced plans today to relocate a manufacturing facility from Tempe, Ariz. to here, creating up to 180 new jobs through 2015.

The company, which produces tanning products and lotions, plans to occupy a 105,000 square-foot facility located at 4760 Kentucky Ave. in Indianapolis to serve as the company's primary manufacturing facility in North America. The facility is expected to be operational this spring.

"Our manufacturing sector continues to see significant growth and Sunshine's announcement is another boost to this important segment of our economy," said Governor Mitch Daniels. "While the company could have moved its operations to just about any state, our business-friendly economy and highly-skilled workforce ensured Indiana was at the top of their list."

New Sunshine, which employs more than 220 full-time employees across three locations nationwide, plans to begin hiring new manufacturing and administrative associates in Indianapolis this spring.

"Indiana's competitive business climate and skilled workforce were the driving forces behind our decision to relocate our manufacturing operations to Indianapolis," said Eric Weber, president of New Sunshine. "We appreciate the commitment of the city of Indianapolis and the state of Indiana for their support of our continued growth."

Founded in 1987, New Sunshine has grown to be the leading supplier of tanning lotions to the more than 12,000 indoor tanning salons across the nation. Its portfolio of brands, which include Australian Gold, Designer Skin, Swedish Beauty and California Tan, are sold around the world. Additionally, Australian Gold's sun care products are the fastest growing brand in the $1.5 billion sun care category and can be found in more than 27,000 retail outlets nationwide as well as internationally.

The Indiana Economic Development Corporation offered Sunshine Manufacturing, LLC up to $900,000 in conditional tax credits and up to $75,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis will consider additional property tax abatement at the request of Develop Indy.

"Indianapolis is catching the attention of companies from across the nation, thanks to our central location and low cost of doing business," said Indianapolis Mayor Greg Ballard. "Sunshine's investment in our city and the addition of quality jobs for our workforce prove that our stable, affordable and pro-growth economic environment makes for a great place in which to do business."

About Sunshine Manufacturing
Sunshine Manufacturing, LLC is the manufacturing subsidiary of New Sunshine, LLC which is headquartered in Indianapolis. Sunshine Manufacturing produces the leading family of indoor tanning lotion brands including Australian Gold, Designer Skin, California Tan and Swedish Beauty.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

TeleServices Direct Opens Call Center in Madison County

2012-01-26T09:32:00.001+01:00

ANDERSON, Ind. (Jan. 25, 2012) - Career Horizons, Inc. d/b/a TeleServices Direct announced plans today to locate a new call center here, creating up to 180 new jobs by 2015.

The Indianapolis-headquartered company is a global provider of outsourced inbound and outbound call center services. It will invest $1 million to lease and equip a 15,000 square-foot facility at 2903 Enterprise Dr. in Anderson's Flagship Business Park. The new call center, which opened its doors yesterday, will handle services for the company's U.S. customers relating to wireless communications and internet connectivity.

"It's encouraging to see a Hoosier home-grown company with an international presence like TeleServices Direct continue to invest in our state," said Governor Mitch Daniels. "Companies like TeleServices continue to show that Indiana has the most attractive business climate in the country."

TeleServices Direct, which currently has 900 employees in Indiana and more than 1,200 employees globally, plans to begin hiring telephone sales representatives and administrative associates this month. Interested applicants should apply in-person, call 765.221.7455 or view more information at www.teleservicesdirect.com.

"We like to keep our U.S. call centers in Indiana, where possible, because of the proximity to our corporate offices," said Patricia Totton, chief executive officer of TeleServices Direct. "Anderson was picked specifically because of its solid labor force and the existing infrastructure we found at the site to support the growth of our business."

Established in 1989 as a direct marking company, TeleServices Direct has since evolved into an international provider of call center services with facilities in the U.S., Philippines and Jamaica. The company has an established history with many Fortune 500 companies and has been consistently recognized in Customer Interaction Solutions magazine's annual industry report as one of the top call center operations in the world.

The Indiana Economic Development Corporation offered Career Horizons, Inc. up to $1,000,000 in conditional tax credits and up to $100,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Anderson will consider additional property tax abatement.

"We welcome TeleServices Direct to Anderson," said Anderson Mayor Kevin Smith. "Anderson is a strong community for business and job growth and with the addition of TeleServices we add an additional IT services operation to our community. We look forward to the success of TeleServices in Anderson and their additional job and investment growth in the days to come."

TeleServices Direct joins the growing list of home-grown Hoosier firms expanding their operations in Indiana. Last month, Daniels joined executives from Fishers-headquartered Stratosphere Quality and Indianapolis-based Archway Technologies to announce the companies' new investments in Indiana expected to create a combined 365 new jobs over the next four years.

About TeleServices Direct
TeleServices Direct commenced operations in Indianapolis more than 20 years ago. Today, it has a worldwide presence with each call center featuring state-of-the-art predictive outbound, inbound and call blending technology. The company has comprehensive agent training and quality control programs, meticulously managed compliance procedures and an established history with many Fortune 500 companies.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Global Aluminum Producer to Expand in Tippecanoe County

2012-01-26T09:31:00.000+01:00

LAFAYETTE, Ind. (Jan. 25, 2012) - Alcoa, Inc. (NYSE:AA), a fully integrated producer of aluminum used in beverage cans, aircraft and window frames, announced plans today to expand its operations here, creating up to 75 new jobs by 2013.

The company will invest more than $90 million to expand its aluminum lithium capacity and capabilities and construct an approximately 115,000 square-foot facility adjacent to the company's Lafayette plant to meet growing demand in the aerospace market for its newest alloys. Initial facility construction has already begun with plant production expected to begin by the end of 2014. When completed, the facility will produce more than 20,000 metric tons of aluminum lithium and be capable of casting round and rectangular ingot for rolled, extruded and forged aerospace applications.

"Alcoa's expansion strengthens Indiana's reputation of manufacturing excellence," said Governor Mitch Daniels. "We are grateful that this global manufacturing leader continues to find the Hoosier State the most advantageous state for growth."

Founded more than 120 years ago, Alcoa employs approximately 61,000 people in more than 200 locations in 31 countries. In Indiana alone, the company employs more than 3,200 associates at four locations across the state. In 2011, the company had overall sales of $25 billion with its aerospace businesses producing approximately $3 billion in revenue.

"The demand we are seeing for aluminum lithium is an excellent example of the Alcoa technical advantage in action and is the result of our continued leadership in aerospace alloy development across our Alcoa aerospace businesses," said Eric Roegner, president of Alcoa Forged and Extruded Products. "When completed, our Lafayette aluminum lithium facility will be the premier operation in the world, capable of making the widest breadth of products in the most efficient manner - there will be nothing like it anywhere."

The Indiana Economic Development Corporation offered Alcoa, Inc. up to $650,000 in conditional tax credits and up to $200,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Lafayette will consider additional property tax abatement at the request of the Greater Lafayette Commerce.

"This is a milestone announcement for Lafayette, a significant investment, not only in new construction and capital expenditures, but, even more important, in our people, our workforce," said Lafayette Mayor Tony Roswarski. "Jobs-good jobs-are the heartbeat of a community. With this news, Lafayette's heart is indeed strong and healthy, with Alcoa a contributor to that since it first began manufacturing in our community in 1938."

About Alcoa
Alcoa is the world's leading producer of primary and fabricated aluminum, as well as the world's largest miner of bauxite and refiner of alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa's operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for 10 consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 61,000 people in 31 countries across the world. More information can be found at www.alcoa.com.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Pet Supplies Plus to Relocate Operations to Seymour from Michigan

2012-01-26T09:30:00.000+01:00

SEYMOUR, Ind. (Jan. 24, 2012) - Pet Supplies Plus (PSP) announced plans today to relocate its warehousing operations from southeastern Michigan to here, creating up to 135 new jobs by 2016.

The pet specialty retailer plans to lease and equip a 763,000 square-foot facility at 1510 E. Fourth St. in Seymour. The consolidation and expansion will more than double the company's capacity to support its existing and planned retail store customer-base. PSP plans to begin shipping to customers in August from its Seymour location.

"Indiana's business climate is a magnet for growing companies across the country," said Governor Mitch Daniels. "We are happy that PSP, like many businesses before, has discovered that our unparalleled infrastructure and first-rate workforce make Indiana the premier place to expand their business."

Founded in 1988 in Farmington Hills, Mich., PSP was originally designed according to the grocery store-model and was the first pet shop with wide aisles and organized, well-stocked display shelves. Today, there are approximately 10 PSP stores throughout Indiana employing approximately 200 Hoosiers.

"This investment supports our customers who can expect substantial service improvements, a broader range of products and the highest level of availability in the industry," said Todd Pankey, PSP senior vice president of supply chain. "We appreciate the commitment from Indiana and Seymour who have supported the company with incentives to relocate to the area."

The Indiana Economic Development Corporation offered Pet Supplies Plus up to $850,000 in conditional tax credits and up to $75,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Seymour approved additional property tax abatement at the request of the Jackson County Industrial Development Corporation.

"With our location along Interstate 65, we are well-positioned to attract major logistics companies and we are thrilled PSP selected Seymour for its new distribution center," said Seymour Mayor Craig Luedeman. "Our area has seen solid growth over the past year and PSP's decision gets 2012 off to a great start for us."

About Pet Supplies Plus
Pet Supplies Plus is the third-largest pet specialty retailer in the United States with 258 stores in 22 states. PSP operates a unique combination of company-owned and franchised stores in convenient neighborhood locations and offers a broad assortment of pet food and supplies at competitive prices. PSP was acquired by Irving Place Capital in September 2010 and is headquartered in Farmington Hills, Mich. More information about PSP is available at www.petsuppliesplus.com.

About Irving Place Capital
Irving Place Capital is a middle-market private equity firm that invests in compelling buyouts, recapitalizations and growth capital opportunities. The firm focuses on making control or entrepreneur-driven investments in companies where it can apply its substantial operating and strategic resources and expertise to enhance value. Irving Place Capital is proactively targeting the pet sector for additional investment opportunities. Since its formation in 1997, Irving Place Capital has been an investor in more than 55 companies and has raised over $4 billion of equity capital, including its current $2.7 billion institutional fund. More information about Irving Place Capital is available at www.irvingplacecapital.com.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

ConAgra Foods Growing in Jasper County

2012-01-23T09:24:00.001+01:00

RENSSELAER, Ind. (Jan. 20, 2012) - ConAgra Foods, Inc. (NYSE:CAG), one of North America's leading food companies, announced plans today to expand its Orville Redenbacher's microwave popcorn operations here, creating up to 24 new jobs by 2014.

The Fortune 500 company plans to invest $15.6 million to upgrade its manufacturing capabilities at its Rensselaer plant. ConAgra Foods plans to remodel its quality assurance laboratory, redesign its corn, slurry and salt systems and add four microwave popcorn packaging lines.

"As the birthplace of Orville Redenbacher's popcorn, our state's rich heritage coupled with ConAgra Foods' continued commitment to growth in Indiana has put the Hoosier state on the map as the popcorn capital of the world," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.

ConAgra Foods, which currently has more than 200 full-time employees in Indiana, has already begun hiring new production line associates.

"ConAgra Foods and the Rensselaer facility are excited to continue the enduring partnership between Orville Redenbacher popcorn and the state of Indiana," said Ken Dobin, manager of the Rensselaer plant. "Rensselaer's centralized location and quality workforce, along with the state's current business climate and economic development record, provide a fantastic opportunity for ConAgra Foods, the state of Indiana and the Rensselaer community."

The Indiana Economic Development Corporation offered ConAgra Foods, Inc. up to $175,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Rensselaer approved additional property tax abatement at the request of the Jasper County Economic Development Organization.

"ConAgra Foods has been an industry leader in the Rensselaer community for many years and we are very, very proud of their successful record of growth and profitability," said Rensselaer Mayor Herbert Arihood. "In tough economic times, it is pleasing that ConAgra Foods is adding production capacity and employment at their Rensselaer facility and we're honored to support their efforts."

ConAgra Foods' expansion comes on the heels of the IEDC's recent announcement that it secured job commitments from 219 companies from across the country and around the world in 2011. Non-automotive manufacturing represented the largest sector for new job commitments last year with 5,223 new jobs projected.

About ConAgra Foods
ConAgra Foods, Inc., (NYSE: CAG), is one of North America's leading food companies, with brands in 97 percent of America's households. Consumers find Banquet, Chef Boyardee, Egg Beaters, Hebrew National, Hunt's, Marie Callender's, Orville Redenbacher's, PAM, Peter Pan, Reddi-wip, Slim Jim, Snack Pack and many other ConAgra Foods brands in grocery, convenience, mass merchandise and club stores. ConAgra Foods also has a strong business-to-business presence, supplying frozen potato and sweet potato products as well as other vegetable, spice and grain products to a variety of well-known restaurants, foodservice operators and commercial customers. For more information, please visit us at www.conagrafoods.com.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

NantWorks to Invest $85.5 Million in New Vigo County Facility

2012-01-23T09:23:00.000+01:00

TERRE HAUTE, Ind. (Jan. 10, 2012) - California-based NantWorks, LLC, announced plans today to locate a new pharmaceutical manufacturing plant here, creating up to 234 new jobs by 2016.

The pharmaceutical company plans to invest $85.5 million to redevelop the former Pfizer facility on approximately 210 acres on the south side of Terre Haute. The new manufacturing plant, which is expected to be operational in 2015, will produce critical care injectable and oncological drugs.

"With the strength of our life sciences industry and a first-class work force, it's no surprise that innovative companies from high-tax, business-hostile states continue to choose Indiana as the home for new investment," said Governor Mitch Daniels. "With its established executive leadership and groundbreaking pharmaceutical research, NantWorks has all the right ingredients to flourish in the Hoosier State."

Dr. Patrick Soon-Shiong, chairman and chief executive officer of NantWorks, has previously developed two pharmaceutical companies addressing the unmet needs of critically ill patients. His injectable drug company APP was the nation's only safe source of heparin during a supply crisis in 2008 and his biopharmaceutical company Abraxis Bioscience developed the world's first protein nanoparticle cancer drug for breast cancer. Soon-Shiong sold these companies in 2008 and 2010, raising several billion dollars to pursue his vision of personalized medicine.

"As a country, we need to develop and enhance our capabilities to manufacture injectable and next generation drugs in America," said Soon-Shiong. "This plant is a sign of NantWorks' commitment to that objective. I am delighted to share in the vision of Governor Daniels and the Indiana Economic Development Corporation and I am excited to be getting back into the injectable biopharmaceutical industry."

The Indiana Economic Development Corporation offered NantWorks, LLC up to $2,000,000 in conditional tax credits and up to $100,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Vigo County will consider additional property tax abatement at the request of the Terre Haute Economic Development Corporation.

"NantWorks' proposed acquisition and subsequent redevelopment of the former Pfizer property exceeds our greatest expectations for the property," said Mike Ciolli, president of the Vigo County Board of Commissioners. "We couldn't be more thrilled."

About NantWorks
NantWorks, LLC is a company founded and led by Dr. Patrick Soon-Shiong. Its core mission is to converge a wide range of technologies to transform scientific research and healthcare. It is building an integrated evidence-based, genomically-informed, personalized approach to the delivery of care and the development of next generation diagnostics and therapeutics. For more information, see www.nantworks.com.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Automotive Engineering Firm Adding High-Wage Jobs in Northern Indiana

2012-01-09T10:34:00.001+01:00

ALBION, Ind. (Jan. 6, 2012) - Vehicle Control Solutions, Inc. (VCS), an automotive engineering company, announced plans today to expand its operations here, creating up to 70 high-wage jobs by 2014.

The company, which provides embedded electronics hardware and software for vehicle systems, will invest $712,000 to lease 9,900 square-feet of space and remodel into office and lab space at 71 E. 400 S. in Albion. VCS will also upgrade and purchase computers and software systems.

"We're not surprised that a high-tech company like VCS has chosen to expand in Indiana and reaffirm the confidence companies have in our business climate," said Governor Mitch Daniels. "Through our world-class universities and talented workforce, Indiana has become a hub for technical and engineering innovation."

VCS, which currently has 18 full-time employees in Indiana, has already begun hiring additional hardware, software, components and computer-aided-design engineers. The highly-skilled positions will earn an average salary of $85,000. Interested candidates should apply at www.v-c-s-inc.com.

"Northeast Indiana provides a workforce with a diverse skill set, attractive cost of living, great schools and recreational opportunities along with the business environment and location to grow and sustain an engineering services business," said Mark Bryant, co-founder and director of VCS. "This provides the fuel we need to grow. We have opportunities for significant growth throughout the coming years."

VCS was formed five years ago by Mark Bryant and Russell Smith, two veterans in the software, electronic hardware design and product development industry. A member of the Freescale Design Alliance, the company also provides specific circuit design, software module development and testing services for its customers.

The Indiana Economic Development Corporation offered Vehicle Control Solutions, Inc. up to $1 million in conditional tax credits and up to $62,500 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The Noble County Council approved additional property tax abatement.

"The County Council and all of Noble County are very excited to see the expansion of VCS," said Don Moore, president of the Noble County Council. "They will not only be bringing higher paying jobs to Noble County, but employees that will be looking to relocate to the County. We thank VCS for their investment in Noble County and look forward to working with them in future endeavors."

The Hoosier State is home to some of the nation's top ranked engineering programs, including Purdue's number one ranked biological and agricultural engineering program and Rose-Hulman's number one ranked undergraduate engineering program. Last year, Indiana's institutions of higher education produced more than 5,400 new engineering graduates.

About Vehicle Control Solutions
VCS provides electronic hardware and embedded software engineering services with the agility of a small company and the experience of a large corporation. Customer-specific or industry standard design, process, engineering and manufacturing practices are followed to produce a high-value product. For more information about Vehicle Control Services, visit www.v-c-s-inc.com.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Granite Memorial Company Expanding in Scottsburg

2012-01-09T10:33:00.003+01:00

SCOTTSBURG, Ind. (Jan. 5, 2012) - Buchanan Group Services, LLC, owners and operators of Flanner and Buchanan Funeral Centers, announced plans today to expand its operations here, creating up to 24 new jobs by 2015.

The Indianapolis-based company will invest $2.3 million to construct a new 17,500 square-foot building for granite memorial production. Construction of this new facility is slated to begin this spring.

"We're always excited to see an Indiana-headquartered company with a rich history like Buchanan Group continue to expand and call Indiana home," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "Creating an environment that encourages growth in companies like these is essential to our state's economic success."

Buchanan Group, which currently has 300 full-time employees in Indiana, plans to begin hiring additional production, delivery and installation associates this spring.

"We appreciate the business friendly climate in Indiana and are pleased to stay and grow new business in our home state," said Bruce W. Buchanan, principal of Buchanan Group. "Our acquisition, Fewell Monument Company, pioneered monument laser technology years ago and their library of designs is the envy of the industry. We will capitalize on this fact while creating jobs and constructing a better building in Scottsburg. As personalized funerals have become the norm, we see tremendous potential to grow our Indiana-based business nationally."

Founded more than 130 years ago, Buchanan Group and its associated companies are owned and operated by Bruce and Brian Buchanan, who represent the fourth generation of family-ownership. In 1999, Buchanan Group became the manager of the cemeteries belonging to the Archdiocese of Indianapolis. In 2008, the company's Washington Park Cemetery built and dedicated the state's first memorial to the Indiana National Guard.

The Indiana Economic Development Corporation offered Buchanan Group Services, LLC up to $100,000 in conditional tax credits and up to $32,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Scottsburg will consider additional property tax abatement.

"Buchanan Group has been a very good community partner and we appreciate their continued support and investment in our city," said Scottsburg Mayor Bill Graham. "We're very excited about these expansions plans and the addition of more jobs in Scottsburg. In a time when the national economy is underperforming, this news is a bright light."

Buchanan Group's announcement comes just one month after Rivera Consulting Group, a technical services firm specializing in U.S. Department of Defense software applications, announced plans to expand its operations and construct a new headquarters in nearby Clark County. As part of the project, the company will invest $5.6 million and create up to 85 new high-wage jobs by 2015.

About Buchanan Group
Buchanan Group, and its premier business, Flanner and Buchanan Funeral Centers, was established in 1881. It is one of Indiana's oldest companies that has been continuously run by the same family. Based in Indianapolis, Buchanan Group services Indiana communities with the broadest network of funeral homes (14) and cemeteries (15). More than the sale of funeral and cemetery services, Buchanan Group works with and empowers its clients to create meaningful end-of-life memorials for their loved ones. More recently, the company has expanded through diversification into complimentary products such as granite memorials and a national casket distribution business.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Machining Company to Locate Facility in Whitley County

2012-01-09T10:33:00.001+01:00

COLUMBIA CITY, Ind. (Jan. 4, 2012) - Impact CNC, LLC, a production machining company, announced plans today to establish a new facility here, creating up to 106 new jobs by 2014.

The company will invest $12.87 million to purchase and equip a 30,000 square-foot facility at the Gateway Park in Whitley County. The new facility, which plans to be operational in February, will offer computer numerical control (CNC) services for customers in the automotive, heavy-truck and agricultural industries.

"Indiana's manufacturing sector is continuing to see healthy growth and Impact CNC's announcement only reinforces that," said Governor Mitch Daniels. "We've been able to create an environment that promotes sustainable business practices through our low-tax policies and nationally-ranked business climate."

Impact CNC plans to begin hiring CNC operators, supervisors and support staff in the coming months. Interested applicants should apply at www.impactcnc.net.

"I look forward to establishing Impact CNC in Whitley County," said Jerry Busche, founder and president of Impact CNC. "For this project I considered a number of sites in the Midwest, but once again found that Indiana provided the right location to grow the company in the years ahead."

Impact CNC is the second venture started by Jerry Busche to locate in Whitley County in as many years, joining PDQ Workholding, a manufacturer of hydraulic fixtures and workholding solutions for the CNC machining industry. In 2010, PDQ Workholding announced plans to invest more than $3.8 million to lease and equip a neighboring facility in Gateway Park.

The Indiana Economic Development Corporation offered Impact CNC, LLC up to $550,000 in conditional tax credits an up to $80,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The Whitley County Council approved additional property tax abatement at the request of the Whitley County Economic Development Corporation.

"On behalf of the Whitley County Commissioners, we greatly appreciate that Mr. Busche has again decided to launch a business venture in our community," said Don Amber, president of the Whitley County Board of Commissioners. "It is very meaningful to see business owners like Jerry continue to stay, invest and create jobs in our community."

Impact CNC's announcement comes just two weeks after Poly-Wood, a manufacturer of outdoor furniture, announced plans to expand its operations in nearby Kosciusko County. As part of the project, the company will invest $2.78 million and create up to 50 new jobs by 2015.

About Impact CNC
Impact CNC, LLC possesses a broad range of production machining capabilities. The company is headquartered in Columbia City, Ind. and is led by several industry veterans including Jerry Busche, Warren Cole and Aaron Schoon.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

219 Companies Choose Indiana in 2011

2012-01-09T10:31:00.002+01:00

INDIANAPOLIS - The Indiana Economic Development Corporation announced today that in 2011 it secured job commitments from 219 companies from across the country and around the world, an increase from 200 companies in 2010 and more than any other year on record.

"With our low-cost, fiscally sound business climate, Indiana continues to catch the attention and win the investment of more and more companies," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.

Driven by companies like Angie's List, Canadian National Railway, R3 Composites and SS&C Technologies, Indiana welcomed commitments for 19,080 new jobs and $2.7 billion in capital investment in 2011. The new jobs, many of which have already been created and others companies expect to create over the next five years, pay an average hourly wage of $21.22, above the state's current hourly wage of $19.17.

"This year's results are a testament to the dedication and collaboration of people throughout the state," said Hasler. "But there's more hard work ahead in 2012 as Indiana continues to make job creating efforts our top priority."

Non-automotive manufacturing represented the largest sector for new job commitments in 2011 with 5,223 new jobs projected. With 4,650 job commitments, the automotive-related manufacturing industry represented the second largest sector of new growth followed by the logistics sector with nearly 2,000 projected new jobs. Job commitments for other sectors include: business services (1,729), information technology (1,261) and life sciences (838).

Business consolidations were a trend in 2011 with 34 companies planning to move all or a portion of their operations to Indiana. Collectively, these projects accounted for 3,325 new job commitments and $165.6 million in capital investment.

This year the state's economy continued to garner national accolades. Area Development magazine noted in September that Indiana is the best state for business in the Midwest and fifth best in the country and Chief Executive magazine rated Indiana sixth in its annual "Best & Worst States" survey. Site Selection magazine ranked the state sixth in the nation for its business climate and Indiana is one of only nine states to have triple-A credit ratings from all three reporting agencies: Standard & Poor's, Fitch and Moody's.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Advertising Agency Growing in Downtown Indianapolis

2012-01-09T10:31:00.001+01:00

INDIANAPOLIS - TrendyMinds Incorporated, an advertising and public relations agency, announced plans today to expand its operations here, creating up to 20 high-wage jobs by 2014.

The company, which specializes in website design and development, public relations, branding and video production, will invest $964,000 to purchase and renovate an 8,300 square-foot facility at 531 E. Market St. The facility is expected to be operational early next year.

"Building a healthy and sustainable business environment that encourages small businesses like TrendyMinds to grow is our priority," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "We're excited the company has chosen Indiana as a fixture in its long-term business plans and look forward to watching them continue to expand in the future."

TrendyMinds, which currently has 16 full-time employees in Indianapolis, has already begun hiring new account executives, graphic designers and website coders.

"We feel very fortunate to be able to grow our company in Indiana," said Trevor Yager, president and chief executive officer of TrendyMinds. "This expansion will help us to meet our growing needs and continue to recruit top talent and forge stronger relationships with our clients."

Yager founded TrendyMinds in 1995 as a screen print and embroidery shop. Steadily, the firm added services, including web design, branding and public relations, to become a full-service strategic communications firm. Today, TrendyMinds has a client portfolio that includes some of the largest companies in Indiana including the largest hospital network, the largest credit union, international pharmaceutical and health insurance companies, government agencies and a multi-national telecom software provider.

The Indiana Economic Development Corporation offered TrendyMinds Incorporated up to $240,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis has approved additional property tax abatement at the request of Develop Indy.

"The expansion of existing businesses here in Indianapolis is vital to the economic success of our city," said Indianapolis Mayor Greg Ballard. "We are pleased to have been a part of this project and congratulate TrendyMinds on this new chapter of their growing company."

This announcement is the latest in a succession of jobs announcements in Central Indiana. Just last week, Fishers-based Stratosphere Quality, a quality inspection service provider, and Indianapolis-based Archway Technology Partners, a financial service provider, announced plans to invest a combined $4.3 million and create up to 365 new jobs by 2015.

About TrendyMinds
TrendyMinds is a highly creative, full-service advertising and public relations agency. Our three service lines - creative, strategic and interactive - allow us to provide comprehensive, smart solutions for our clients. Founded in 1995, TrendyMinds prides itself on exceeding expectations, creating lasting and meaningful relationships with clients and hiring only the best and brightest in the industry. We don't just create ad campaigns, press releases or websites - we create identity. For more information, please visit www.TrendyMinds.com or call 317.926.1727. Follow TrendyMinds on Twitter @TrendyMinds or join our Facebook Fan Page at www.facebook.com/trendyminds.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Recreational Vehicle Manufacturer Adding Jobs in LaGrange County

2012-01-09T10:30:00.001+01:00

TOPEKA, Ind. - DS Corp d/b/a Crossroads RV, a manufacturer of fifth-wheel and towable recreational vehicles, announced plans today to expand its operations here, creating up to 250 new jobs by 2014.

Topeka-headquartered Crossroads RV, a division of Thor Motor Coach, will invest $3.9 million to purchase land and construct a new 93,000 square-foot facility adjacent to the company's existing 45.3-acre campus in Topeka. The new facility will house the company's Cruiser product line and is expected to be operational in June.

"Indiana entered the recession making about half of all RVs, now we're making more than four out of five," said Governor Mitch Daniels. "That's what happens when businesses in a tough economy look hard to see which state has the best economic climate. Thanks to Crossroads RV for these jobs and their confidence in Indiana."

Crossroads RV currently employs more than 600 Hoosiers at its six plants in Topeka and Syracuse. The company plans to begin hiring additional administrative, manufacturing and maintenance associates early next year.

"The new plant will give us the needed flexibility to expand our Cruiser line of RVs," said Don Emahiser, president of Crossroads RV. "The workforce in Topeka is top-notch in our industry, and we are glad that we are able to expand at our home in this area."

The Indiana Economic Development Corporation offered DS Corp d/b/a Crossroads RV up to $2.25 million in conditional tax credits and up to $200,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The town of Topeka will consider additional tax abatement at the request of the LaGrange County Economic Development Corporation.

"We are grateful for the investment by Crossroads RV into building a new facility in the town of Topeka," said Yvonne Eash, president of the Topeka Town Council. "Crossroads RV is a valued employer in our community and we are happy to support them in their growth."

Crossroads RV joins the growing list of RV manufacturers expanding their operations in the Hoosier State. Earlier this year, Lippert Components Manufacturing and Kinro Manufacturing announced plans to expand their RV production lines at their Goshen and Middlebury locations, creating up to 330 new jobs by 2012. Also, Cruiser RV announced it would grow its operations in LaGrange, adding up to 200 new jobs by 2014.

About Crossroads RV
Topeka-based Crossroads RV manufactures a wide variety of travel trailers, fifth wheels and park models at five plant locations. Its products are distributed through dealers throughout the United States, Canada, France, Japan and Australia. Crossroads RV is a division of Thor Industries, Inc. More information on the company can be obtained online at www.crossroadsrv.com.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Farbest Foods to Invest $69 million in New Knox County Plant

2012-01-09T10:29:00.001+01:00

VINCENNES, Ind. - Governor Mitch Daniels announced today that Farbest Foods, Inc., one of the nation's largest turkey companies, will locate a new plant here, creating up to 600 new jobs over the next few years.

The Huntingburg-based company will invest $69.2 million to build a 220,000 square-foot processing plant on 100 acres of land in the U.S. Highway 41 Industrial Park in Vincennes. The new facility is expected to open its doors in January 2014.

"Farbest's decision to locate another facility in Indiana reaffirms the confidence that flourishing companies have in our prosperous business climate," said Daniels. "Thanks to our expansive infrastructure combined with the ability to reach 80 percent of the nation's population within a day's drive, Indiana is continually winning opportunities to bring more jobs to hardworking Hoosiers."

Farbest currently employs approximately 850 Hoosiers at its two Indiana locations in Huntingburg and Dubois. The company has already begun hiring engineering, administrative and maintenance associates for the new Vincennes plant and plans to begin hiring manufacturing associates in 2013. Once operational, the plant will initially employ 360 associates and will later grow to up to 600 employees with the anticipated addition of a second shift.

"Our current facilities for turkey processing, feeding and growing are near full utilization after completing the second shift of operations started in 2007," said Ted Seger, president of Farbest. "We have been investigating alternatives for our planned growth for more than a year in an effort to meet growing global customer demand for our products. Indiana is the perfect home for growth due to its abundant supply of grain, proactive stance on development of agriculture and our ability to leverage the strengths of our current turkey grower base and employees."

A family-owned operation since 1982, Farbest supplies more than a million pounds of raw, fresh and frozen turkey products per day to food processors who prepare and package their own brand-name foods. The company currently oversees the production of more than 10 million turkeys per year through approximately 170 contract growers in Indiana, Illinois and Kentucky. With customers in more than 20 countries, Farbest exports 20 percent of its products internationally.

The Indiana Economic Development Corporation offered Farbest Foods, Inc. up to $2.8 million in conditional tax credits and up to $200,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Knox County has approved additional tax abatement at the request of the Knox County Development Corporation.

"We are very pleased that Farbest has chosen Vincennes," said Vincennes Mayor Al Baldwin. "We are equally confident that Farbest will prosper with the continued efforts of the state of Indiana, Knox County and Vincennes to support our business communities in the best ways possible."

Farbest's decision to locate in Knox County comes on the heels of Stens, LLC's announcement last week to invest $2.28 million to expand its headquarters in nearby Dubois County. As part of the project, the global outdoor equipment parts supplier projects to create up to 98 new jobs by 2015.

About Farbest Foods
Farbest Foods, Inc., a family owned company since 1982, is one of the nation's largest turkey companies with operations in Huntingburg, Ind. and Dubois, Ind. Current operations include turkey growing, feed production and turkey processing. More than 10 million turkeys per year are grown through 170 contract turkey growers in Indiana, Kentucky and Illinois. The processing plant in Huntingburg, Ind. employs more than 800 associates who process the turkey into products that are supplied to food processors that prepare and package their own brand name foods in the U.S. Nearly 20 percent of the turkey production is marketed to International customers.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov

Expansion Plans, Job Growth Unveiled for Two Indiana-Headquartered Companies

2012-01-09T10:28:00.000+01:00

INDIANAPOLIS - Governor Mitch Daniels and executives from two home-grown Hoosier firms today announced new investments in Central Indiana expected to create a combined 365 new jobs over the next four years.

Quality inspection service provider, Stratosphere Quality, LLC, and financial software provider, Archway Technology Partners, Inc., will invest a combined $4.3 million to expand their individual headquarters in Central Indiana. Stratosphere plans to create up to 225 new jobs by 2015 and Archway plans to add up to 140 new jobs by 2015.

As part of the rapidly growing quality-assurance industry, Stratosphere provides sorting and inspection services to manufacturers of parts and components in the automotive, medical device, appliance, construction and recreational vehicle industries. The company, which has more than 800 associates in North America, plans to invest $2.6 million to expand and upgrade its Fishers headquarters and has already begun hiring additional accounting, human resource and finance positions. It also plans to hire new quality inspectors and project managers across the state to interact directly with customers on site.

"We are pleased to see that the careful planning and work being done by Governor Daniels' team is paying off with such a positive business environment," said Tom Gray, Stratosphere chief operating officer. "We continually invest in our employees, technology, equipment and facilities in order to maintain our competitive edge and are excited to have the opportunity to continue to grow and provide more jobs and training in our home state of Indiana."

Archway supports and integrates back office operations for firms in the investment management industry. Its systems support business functions required for the management of more than $120 billion in market assets. To accommodate its expanding global client base, the company will invest $1.7 million to nearly double its current 6,000 square-foot headquarters on the north side of Indianapolis. Archway has already begun the hiring process for the additional associates. The new high-wage positions will be across the company, including software engineering, business development and professional and client services.

"We have been fortunate to find a significant pool of talent from which to build our team, and we greatly value the Central Indiana business community," said Jason Brown, president and chief executive officer of Archway. "In addition, we aspire to build a great partnership with both the city of Indianapolis and state of Indiana. We are excited to make a long term commitment to growth in the state."

The Indiana Economic Development Corporation offered Stratosphere Quality, LLC up to $1.5 million in conditional tax credits and up to $200,000 in training grants based on the company's job creation plans. In addition, Archway Technology Partners, Inc. was offered up to $2.4 million in conditional tax credits and up to $100,000 in training grants based on its job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis will support Archway with grant funds at the request of Develop Indy.

"Companies are eager to invest in Indianapolis, thanks to our stable tax climate and business-friendly, pro-growth economic environment," said Indianapolis Mayor Greg Ballard. "As we continue our aggressive pursuit of new jobs, we are pleased to welcome this investment and expansion of businesses in Central Indiana and eager to build upon our efforts to grow our local economy, bringing quality jobs to Hoosier workers."

Stratosphere and Archway join 33 other companies that committed to locating or growing their headquarters in the Hoosier State this year, creating more than 4,100 projected new headquarters and operations jobs. In 2011, the IEDC secured job commitments from a total of 219 companies from across the country and around the world, an increase from 200 companies in 2010 and more than any other year on record. These 219 companies project to create more than 19,000 new jobs and invest more than $2.7 billion in their Indiana operations.

About Stratosphere Quality
Stratosphere Quality is a leading provider of quality assurance and outsourcing solutions, including sorting and inspection services, to manufacturers of parts and components in the automotive, medical device, electronics, home appliance and recreational vehicle industries. As a partner in quality, Stratosphere Quality helps suppliers and OEMs identify the root cause of quality problems, minimize defects, improve quality, increase efficiency and reduce costs associated with quality issues. Headquartered just northeast of Indianapolis, Indiana, Stratosphere Quality services manufacturers across the US and Ontario.

About Archway Technology
Archway Technology Partners is a global software company supporting the financial operations of single family offices, multi-family offices, hedge funds, fund administrators, fund of funds and investment advisors. Archway's flagship platform, ATWeb, is a web deployed enterprise software solution for the investment industry. An investment accounting software platform, ATWeb successfully integrates a full G/L with investor relations, portfolio accounting, fund accounting and partnership accounting. ATWeb also manages accounts payable, accounts receivable, cash management and budgeting & forecasting - a true standard in one solution.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Outdoor Furniture Manufacturer to Grow in Kosciusko County

2012-01-09T10:27:00.000+01:00

SYRACUSE, Ind. - Poly-Wood, Inc., a manufacturer of outdoor furniture, announced plans today to expand its operations here, creating up to 50 new jobs by 2015.

The company will invest $2.78 million to expand production operations and purchase a 25,000 square-foot facility and add a 35,000 square-foot addition on the company's current Kosciusko County campus. The new production operations, which include plastic lumber extrusions and furniture manufacturing, are slated to be operational later next year.

"We're pleased to have a high-growth company like Poly-Wood continue to invest and grow in Indiana," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "Our state is leading the nation with our top-rated business climate and low-tax policies to help secure the growth of these up-and-coming businesses."

Poly-Wood, which currently has 87 full-time employees in Indiana, plans to begin hiring additional production associates in March.

"We are very grateful to the state of Indiana, the Kosciusko Economic Development Corporation and town of Syracuse, all of whom were influential in helping to secure this expansion," said Doug Rassi, president and co-founder of Poly-Wood. "The support of these important players and the continued growth of our organization have helped us increase our production capabilities while cementing our company as a Hoosier business."

In 1990, Poly-Wood founders Doug Rassi and Mark Phillabaum established the company to refurbish recycled milk jugs into plastic lumber to be used in outdoor furniture. Recently, the company acquired Syracuse-based Image Group, a provider of graphic creation and production services, to enhance the company's marketing and media services.

The Indiana Economic Development Corporation offered Poly-Wood, Inc. up to $100,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Up to $200,000 from the state's Industrial Development Grant Fund will be made available to Kosciusko County for rail improvements at the site. The town of Syracuse will consider additional financial support for the project at the request of the Kosciusko Economic Development Corporation.

"It's very important to take care of existing businesses and maintain an environment conducive to expansion," said Henry DeJulia, Syracuse town manager. "We're very excited to have this innovative, green company bring 21st century jobs to Syracuse."

Poly-Wood's announcement comes just four days after Stens, a global supplier of replacement parts for the outdoor power equipment industry, announced plans to expand its headquarters in Jasper. As part of the project, the company will invest $2.28 million and create up to 98 new jobs by 2015.

About Poly-Wood
For over 20 years, Poly-Wood, Inc. has been the leader in developing casual outdoor furniture with plastic lumber. Today Poly-Wood occupies over 200,000 square-feet of manufacturing space. Our plastic lumber extrusion process is modern and efficient. We utilize 3D design, CNC fabrication and lean manufacturing techniques. Poly-Wood now offers thousands of SKUs and ships a majority of its furniture next day.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Entrepreneur Says Indiana Has 'Phenomenal' Talent

2011-12-19T09:55:00.002+01:00

(Dec. 16, 2011) The co-founder of an organization to support Indiana startups believes there is phenomenal talent in the state's entrepreneur community. Verge's Matt Hunckler says his group has increased from 400 members to more than 1,400 within one year. He says a Verge event last January helped launch financial information startup MyJibe, which has since been purchased by a Utah-based company. In a recent interview on Inside INdiana Business Television, Hunckler says there are several signs that the state's startup sector is alive and well.

Hunckler says Indiana is benefiting from a "new class of millennials" that is becoming entrepreneurs. He says the state has great talent and a strong higher education system that combine to create a strong startup landscape.

ChaCha founder Scott Jones has said Indiana needs more direct flights to and from traditional business hotbeds such as Silicon Valley, and Hunkler says he agrees.

Hunckler and other members of Indiana's startup community are currently on a western tour to promote Hoosier entrepreneurship.

Global Outdoor Equipment Parts Supplier to Expand Headquarters in Dubois County

2011-12-19T09:53:00.000+01:00

JASPER, Ind. (Dec. 16, 2011) - Stens, LLC, a global supplier of replacement parts for the outdoor power equipment industry, announced today that it will expand its headquarters here, creating up to 98 new jobs by 2015.

Stens, a division of Ariens Company, will invest $2.28 million to purchase, renovate and equip a 208,400 square-foot building at 1220 Power Dr. on the city's south side. Renovations on the facility, which will house the company's headquarters and distribution center, will begin next month. Operations will transfer to the new site in August when facility upgrades are expected to be complete.

"Stens is a true Hoosier success story and their continued expansion and global presence further establish Indiana as an international leader for business," said Governor Mitch Daniels. "Our low-tax policies and skilled workforce continue to attract jobs to all corners of our state and give global leaders like Stens the opportunity to succeed."

Stens launched in 1970 out of a one-room garage in Jasper as a seller and repairer of outdoor power equipment. The company has since expanded to more than 300 associates globally with distribution centers in six states and five countries. Stens, which currently has 180 employees in Indiana, will begin hiring new headquarter and distribution associates in Jasper within the next three months.

"Stens continues to expand our global market share with highly skilled associates and a leveraged infrastructure to grow in a very competitive global marketplace," said Peter Ariens, global aftermarket president of Stens. "We believe the state of Indiana is investing wisely in a strong business environment. Stens has thrived in Indiana over the past 40 years and we want to continue to be a part of that local, regional and state momentum."

Stens is an international supplier of replacement parts for the outdoor power equipment, landscape, rental, golf and construction industries. With 50,000 customers worldwide, the company exports goods to more than 50 countries, including Australia, Brazil, New Zealand and Ireland.

The Indiana Economic Development Corporation offered Stens, LLC up to $750,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Jasper has approved additional tax abatement at the request of the Dubois County Area Development Corporation.

"I am delighted that Stens is staying in Jasper and that they are growing," said Jasper Mayor Bill Schmitt. "I think that the excellent workforce in southwest Indiana helped play a large part in the company's decision to expand here. I would encourage other businesses looking to expand or to relocate to consider Jasper and Dubois County."

Stens' announcement to expand its Dubois County headquarters comes just over a month after AFCO Racing Products, a division of Speedway Motors, announced plans to expand in nearby Warrick County. The company will invest $3.7 million to purchase and equip a new retail facility in Boonville, adding up to 61 new jobs by 2014.

About Stens
Stens is an international supplier of original and replacement parts for most major brands of outdoor power equipment. Stens is a respected member of the Outdoor Power Equipment Aftermarket Association, the American Rental Association, Golf Course Superintendents Association, STAFTDA, and other local and regional associations. Through its international businesses, Bynorm, Sovde, and Countax, Stens continues to build a global replacement parts brand. Stens, LLC is a subsidiary of Ariens Company, a manufacturer of premier lawn and garden equipment. For more about Stens and its products, visit www.stens.com.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Indiana Benefits From 'Very Favorable' Tax Structure

2011-12-16T10:40:00.002+01:00

(Dec. 15, 2011) How Indiana stacks up in a changing taxation landscape is one of the topics being explored this afternoon at the Bingham McHale Legislative Conference in Indianapolis. Indiana Fiscal Policy Institute President John Ketzenberger believes the state's tax structure is "in pretty good shape" compared to the rest of the country. He says income taxes are relatively low and business taxes are coming down. Ketzenberger adds even though the sales tax is higher than most areas of the country, it is offset by a "very favorable property tax situation."

Ketzenberger also says there is room for improvement and points to the areas of tax equity and neutrality.

He believes a system needs to be in place that doesn't prompt "outrageous decisions" based on taxes. Ketzenberger says an example is the recent scramble by Illinois to keep CME Group Inc. in Chciago after lawamkers increased income taxes.

Ketzenberger will explore taxation issues further this afternoon during a panel discussion including State Senator Luke Kenley (R-) and Indiana Retail Council President Grant Monahan.

High-tech Defense Firm to Expand Headquarters in Clark County

2011-12-06T10:17:00.001+01:00

CLARKSVILLE, Ind. (Dec. 5, 2011) - Rivera Consulting Group, Inc., a technical services firm specializing in U.S. Department of Defense software applications, announced today that it will expand its operations and construct a new headquarters here, creating up to 85 new high-wage jobs by 2015.

Founded in 2002, Rivera Group is a veteran-owned, information technology company that provides software development services, defense-related applications and enterprise system consulting to private sector companies and government agencies. It plans to invest $5.6 million to construct and furnish a 25,000 square-foot facility to house new and existing operations in Clarksville. The new facility will enhance the company's capabilities, enabling them to increase their support of both private and federal sector contracts.

"Indiana has a well-deserved reputation as a state where high-tech companies can succeed," said Governor Mitch Daniels. "We're excited about the technology that Rivera Group is developing and are proud that Hoosiers will contribute to the important work of protecting the brave men and women of our armed forces."

Rivera Group, which was recognized as a 2011 "Company to Watch" recipient in July, plans ongoing hiring of information technology professionals. The highly-skilled positions will earn an average salary of $85,000. Interested candidates should apply at www.riverainc.com.

"We are very excited about building our corporate headquarters in southern Indiana. The talent pool from the state of Indiana is second to none and the future at Rivera Group couldn't be any brighter," said Dr. Joey Rivera, president of Rivera Group. "We are also pleased with the support we have received from One Southern Indiana, the town of Clarksville and the state of Indiana."

The Indiana Economic Development Corporation offered Rivera Consulting Group, Inc. up to $1.1 million in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.The town of Clarksville will consider additional financial support for the project at the request of One Southern Indiana.

"Rivera Group's expansion is a welcome addition to Clarksville's economic base," said Greg Isgrigg, town council president.

According to a report recently released by the Indiana Business Research Center at Indiana University's Kelley School of Business, more than 1,100 Hoosier companies were successful in attracting $4.4 billion in contracts from the U.S. Department of Defense and Homeland Security in 2010, supporting an estimated 38,600 Indiana jobs. Just last August, Next Wave Systems, a defense technology and engineering firm, announced plans to expand its operations in Bloomington, creating up to 60 new jobs by 2014. The company supports the U.S. Department of Defense, including operations at the Naval Surface Warfare Center at Crane.

About Rivera Group

Rivera Consulting Group, Inc. is a Veteran-Owned Small Business that specializes in Department of Defense software solutions. Rivera Group has three specialized software products that accompany their consulting services, and have contracts in multiple government agencies ranging from the U.S. Customs and Border Patrol to the Department of the Army. The company is owned by Dr. Joey Rivera, who is a Veteran of the U.S. Army. To learn more, please visit www.riverainc.com.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Furniture Manufacturer to Expand Operations in Dubois County

2011-12-01T09:25:00.000+01:00

JASPER, Ind. (Nov. 28, 2011) - Indiana Furniture Industries, Inc., a manufacturer and distributor of office furniture, announced plans today to expand its operations here, crehttp://www.blogger.com/post-create.g?blogID=4034731054095788053ating up to 10 new high-wage jobs by 2015. The company will add a 30,000 square-foot addition to one of its existing manufacturing facilities as part of the project. The new addition is slated to be operational by the end of 2012.

"With more than a hundred years of experience in the Hoosier State, Indiana Furniture is continually setting the standard for sustained growth in an ever-changing market," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "Our nationally-ranked business climate and expansive infrastructure are helping local businesses establish a successful foundation to bring more jobs to Indiana."

Indiana Furniture, which currently has 287 full-time employees in Indiana, plans to begin hiring additional technical machine operators and engineers to coincide with facility construction. Interested candidates should apply at www.indianafurniture.com.

"With our long heritage in the Jasper community, coupled with our Midwest values, it's easy to call Dubois County our home," said Bret Ackerman, president and chief executive officer of Indiana Furniture. "To gain a competitive advantage in this industry, we've recognized that we need to embrace innovation in technology and processes. Therefore we plan on considerable capital expenditures over the next several years."

Founded in 1905, the company was established as Jasper Novelty Works in part as a response to the efforts of the Jasper Business Men's Association's initiative to provide local employment opportunities. Indiana Furniture's ultraviolet finishing technology was awarded the GREENGUARD certification for indoor air quality in 2008 by the Greenguard Environmental Institute for the company's non-toxic curing process.

The Indiana Economic Development Corporation offered Indiana Furniture Industries, Inc. up to $100,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Jasper approved additional property tax abatement.

"It's particularly gratifying that our new property tax abatement program's first recipient is an existing company," said Jim Dinkle, president of the Dubois County Area Development Corporation. "Indiana Furniture is a century-old company with deep roots in Dubois County."

Indiana Furniture's announcement comes one month after AFCO Racing Products, a manufacturer of parts for the racing industry, announced plans to grow its operations in nearby Warrick County. The company will invest $3.7 million to purchase and equip a new retail facility in Boonville, creating up to 61 new jobs by 2014.

About Indiana Furniture
Indiana Furniture, headquartered in Jasper, Ind. for over a century is committed to providing its customers with office furnishings of the highest standards in quality and craftsmanship. Through advance information systems and state of the art technology we deliver a wide range of environmentally conscious products, styles, and sizes at competitive prices.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Thirteen Indiana Sites Score State Designation for Speedier Development

2011-11-24T11:27:00.002+01:00

INDIANAPOLIS (Nov. 21, 2011) - Thirteen sites across Indiana earned the title of 'shovel ready' today, paving the way for businesses to quickly locate new operations on property ready for development.

The thirteen new sites located in Dubois, Fulton, Gibson, Greene, Johnson, Monroe, Shelby, Steuben, Vanderburgh, Wabash, Wayne, White and Whitley counties join the list of 80 other 'shovel ready' sites identified by the state since 2006 that have undergone extensive title work, proof of ownership, legal and environmental review and qualify for expedited permitting with state regulatory agencies.

"More and more companies are increasingly looking for sites where they can have a shovel in the ground as quickly as possible," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "We know that time is valuable and this program is a vital tool in giving Indiana the advantage of attracting competitive investment."

This summer, North American Lighting announced it would build a new injection molds facility in Warrick County's 'shovel ready' North Warrick Industrial Park, creating more than 40 new jobs, and Naturally Recycled Proteins announced it would build two new facilities at the Montpelier Industrial Park 'shovel ready' site in Blackford County, creating up to 68 new jobs. Also, earlier this year, Nanshan America announced it would establish an aluminum extrusions manufacturing facility in Park 350, a 'shovel ready' site in Lafayette, creating up to 150 new jobs.

Passed in the 2005 legislative session as part of Governor Daniels' jobs agenda, 'shovel ready' sites are certified by the state's Fast Access Site Team that consists of representatives from the Indiana Economic Development Corporation, governor's office, Indiana Department of Natural Resources, Indiana Department of Environmental Management, Indiana Department of Transportation, Indiana State Department of Health, Indiana State Department of Agriculture and the Indiana State Department of Homeland Security.

Certified sites have been eligible for matching grants to assist with eligible costs associated with applying for the shovel ready program. These sites are listed on the Indiana Economic Development Corporation's Site and Building Database at at http://statein.zoomprospector.com/. This online resource allows site selection consultants and businesses to research available commercial and industrial properties that are available for quick development and investment.

The most recent shovel ready sites receiving certification are:

LOCATION. Dubois County(Huntingburg)
SITE NAME. Huntingburg Airport Technology Park (196 acres)
APPLICANT. Dubois County Area Development Corporation and Dubois County Airport Authority
CONTACT. Travis McQueen 812.683.5454

LOCATION. Fulton County(Rochester)
SITE NAME. Blacketor Industrial Expansion Park (74 acres)
APPLICANT. Fulton Economic Development Corporation
CONTACT. Wm. Terry Lee 574.223.3326

LOCATION. Gibson County(Princeton)
SITE NAME. Southern Indiana Tire 44 Site (44 acres)
APPLICANT. Gibson County Economic Development Corporation
CONTACT. B. Todd Mosby 812.386.1320

LOCATION. Greene County(Bloomfield)
SITE NAME. Scotland Meadows Business & Technology Park(50 acres)
APPLICANT. Greene County Commissioners
CONTACT. Steve Lindsey 812.384.8658

LOCATION. Johnson County(Franklin)
SITE NAME. Franklin Business Park(206 acres)
APPLICANT. Johnson County Development Corporation
CONTACT. Cheryl Morphew 317.736.4300

LOCATION. Monroe County (Bloomington)
SITE NAME. 300 North Curry Park(69 acres)
APPLICANT. Bloomington Economic Development Corporation
CONTACT. Ron Walker 812.335.7346

LOCATION. Shelby County(Shelbyville)
SITE NAME. Shelby Materials Edinburgh Farm Site (324 acres)
APPLICANT. Shelby County Development Corporation
CONTACT. Dan Theobald 317.398.8903

LOCATION. Steuben County(Hudson)
SITE NAME. Hudson West Industrial Park (48 acres)
APPLICANT. Town of Hudson
CONTACT. Ward Odom 260.587.3500

LOCATION. Vanderburgh County (Evansville)
SITE NAME. 15400 Highway 41 Site(58 acres)
APPLICANT. The Growth Alliance For Greater Evansville
CONTACT. Donna Crooks 812.401.4243

LOCATION. Wabash County(Wabash)
SITE NAME. North Manchester Industrial Park (106 acres)
APPLICANT. Town of North Manchester
CONTACT. Bill Konya 260.563.5258

LOCATION. Wayne County(Richmond)
SITE NAME. Phase II Midwest Industrial Park (167 acres)
APPLICANT. Economic Development Corporation of Wayne County
CONTACT. Valerie Shaffer 765.983.4769

LOCATION. White County(Monticello)
SITE NAME. Monticello Business Park(90 acres)
APPLICANT. White County Local Economic Development Organization
CONTACT. Connie Neininger 574.583.6557

LOCATION. Whitley County(South Whitley)
SITE NAME. South Whitley Industrial Park (42 acres)
APPLICANT. Whitley County Economic Development Corporation
CONTACT. Alan Tio 260.244.5506

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Toronto-based Packaging Company to Locate in Southern Indiana

2011-11-24T10:27:00.001+01:00

LAWRENCEBURG, Ind. (Nov. 18, 2011) - IntraPac Group, a specialty packaging manufacturer for the personal care and pharmaceutical markets, announced today that it will locate a new facility here, creating up to 63 new jobs by 2012.

The company will relocate its operations from New Jersey to Lawrenceburg and build an 80,000 square-foot facility on approximately seven acres of land. Construction on the new manufacturing plant began in September and is expected to be operational in February.

"IntraPac's decision is further proof that Indiana has the best business climate in the country," said Governor Mitch Daniels. "This decision will bring important new jobs to Dearborn County and continues a national trend of companies relocating to Indiana and reaping the benefits of our low-tax economy and highly-skilled workforce."

Headquartered in Toronto, IntraPac has more than 250 employees in North America. It plans to begin hiring new manufacturing, clerical and sales associates in Lawrenceburg this December.

"The IntraPac Group initiated a search for a new location for our laminate tubes business with the goal of providing a new first class facility to satisfy the growing needs of our pharmaceutical and personal care customers," said Gary Ullman, chief executive officer of IntraPac. "We considered a number of sites across four states before deciding upon Lawrenceburg. The outstanding assistance and support we have received throughout this process from the state of Indiana, Dearborn County and the city has contributed greatly to making this exciting new plant for IntraPac a reality."

Founded in 2003, IntraPac designs and produces a vast array of packaging products including plastic bottles, closures, laminate and tin tubes, deodorant sticks, droppers and specialty coating services. Its seven production facilities span North and Central America, including locations in Virginia, New York and Costa Rica.

The Indiana Economic Development Corporation offered IntraPac up to $415,000 in conditional tax credits and up to $150,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Lawrenceburg awarded a grant to the company to aid in its relocation efforts with the help of the Dearborn County Economic Development Initiative.

"We are excited at the opportunity to bring 63 jobs to the city of Lawrenceburg and Dearborn County," said Michael Rozow, Jr., executive director of the Dearborn County Economic Development Initiative. "The company and developer have worked very hard to build a facility the community can be proud of."

IntraPac's announcement comes just a few days after Daniels joined executives from Exegistics, a veteran-owned, logistics service provider, to announce the company's decision to open its first Indiana facility in nearby Jennings County. The Illinois-based company will invest approximately $9 million to build and equip a rail-sided, distribution facility on a ten-acre campus in North Vernon. The project is expected to create up to 315 new jobs by 2014.

About IntraPac
The IntraPac Group is a specialty packaging company that provides personal care and pharmaceutical packaging solutions. With seven production facilities that span North and Central America, our services include extrusion, injection and injection stretch blow molding, through injection molding, laminate & tin tube production and specialty coating equipment, customized decorating and assembly. We work with a wide array of materials including PET, HDPE, LDPE, polypropylene, aluminum barrier and plastic laminates, metals and specialty fluoropolymer coatings. For more information, visit www.intrapacgroup.com.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Illinois-Based Logistics Company to Locate in Jennings County, Add 315 New Jobs

2011-11-16T12:53:00.001+01:00

NORTH VERNON, Ind. (Nov. 14, 2011) - Governor Mitch Daniels joined executives from Exegistics, a veteran-owned, logistics service provider, today to announce the company's plans to open its first Indiana facility here, creating up to 315 new jobs by the end of 2014.

Headquartered in Wheeling, Ill., Exegistics will invest approximately $9 million to build and equip a rail-sided, distribution facility on a ten-acre campus in Jennings County. The existing structure on the property, which has been vacant for 15 years, will be demolished and construction of the company's new facility is expected to begin in January. Exegistics will establish a temporary regional office at the North Vernon Education Training Center this month until facility construction is complete.

"The Exegistics decision, right on top of the Windstream opening, marks North Vernon as a great place for business," Daniels said. "Indiana is proud to welcome another innovative, growing business to our best-in-America logistics industry."

Established in 2008 by former Marine Corps Officer Stephen Olds, Exegistics provides warehousing, light assembly, packaging and value-added resourcing to government agencies and medium-sized to Fortune 50 companies. Olds has spent his career working with well-known companies like General Electric, Honda, Newell Rubbermaid and United Technologies Corp. as well as major government branches including the Defense Logistics Agency. Today, the company handles more than $100 million of production distribution materials annually.

"We are excited about locating our new distribution and fulfillment operation in North Vernon. While we evaluated other locations, Indiana and the city of North Vernon offered the best pro-growth partnership and access to a highly qualified and values-based labor market," said Olds. "In our third party logistics, service-based industry, we pride ourselves on developing and delivering innovation to our customers. We look forward to hiring in this area with employees that can help us continue to deliver exceptional value to our customers and prospects. Our new state of the art, rail-sided facility is the first phase of planned expansion in the region."

As part of Exegistics' project in Jennings County, a spur off the short line rail in North Vernon will be rehabilitated creating a lower cost and environmentally friendly logistics system that will support the company's regional customers and the National Guard at the Muscatatuck Urban Training Center. Exegistics, which has operations nationwide, plans to begin hiring distribution, assembly and packaging operators to coincide with facility construction completion.

The Indiana Economic Development Corporation offered Exegistics up to $1,800,000 in conditional tax credits and up to $100,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, the IEDC will provide Jennings County with up to $125,000 in infrastructure assistance from the state's Industrial Development Grant Fund. The city of North Vernon will provide additional incentives at the request of the Jennings County Economic Development Commission.

"I am extremely pleased to welcome Exegistics to North Vernon," said Mayor Harold Campbell. "I believe that this project will directly drive job creation to not only Jennings County but to the entire southeastern region of Indiana."

Earlier this month, WindStream Technologies, one of Exegistics' current customers, celebrated the opening of its new production facility in North Vernon. The manufacturer of wind energy technology recently teamed up with the Buffalo Bills to install micro-wind turbines at Ralph Wilson Stadium, marking the first deployment of micro-wind technology in an NFL stadium. In 2009, WindStream announced that it will create more than 260 new jobs by 2014 in southeast Indiana.

About Exegistics
Exegistics is a veteran-owned 3PL (third party logistics) company that provides distribution, packaging, assembly, lead logistics management, and value-add resourcing solution (staffing) services. As the premier provider of outsourced supply chain and operations focused solutions, we work with our clients to design and deliver results that drive innovation to improve cost and service performance. Our client relationships, associates, and performance results are grounded in our core values of open communication, unwavering accountability, committed ingenuity, and strong leadership. For more information, visit www.exegistics.com or email innovations@exegistics.com.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Logistics Company Expands Headquarters in Indianapolis

2011-11-14T09:40:00.000+01:00

INDIANAPOLIS (Nov. 9, 2011) - Spot Freight, Inc., a third party logistics provider, announced plans today to expand its headquarters here, creating up to 73 new jobs by 2015.

Spot Freight, which provides truckload, less than truckload, intermodal and freight management services, will invest more than $500,000 to lease and equip space in downtown Indianapolis. The company will also upgrade its technology infrastructure to streamline processes, ensure accuracy and strengthen customer satisfaction.

"Spot Freight has been in business for a short time, but their growth has already been remarkable," said Governor Mitch Daniels. "Indiana is the best state for new business and Spot Freight is a prime example that our pro-business policies and talented workforce can lead to rapid success."

Spot Freight currently employs 13 full-time Hoosiers in Indiana. It plans to begin hiring additional dispatchers and customer service and freight sales representatives this year. Interested candidates should apply at www.spotmyfreight.com.

"Spot Freight attributes much of its early stage success to the high quality of its dedicated employees, as well as its reliable carriers and a loyal customer base," said Andrew Elsener, co-owner of Spot Freight. "We have been fortunate enough to find those valuable team members right here in Central Indiana. With the support of the state of Indiana and city of Indianapolis, we are able to make this commitment to grow and prosper in Indiana for many years to come."

Established in 2009 by Elsener and co-owner Andy Schenk, Spot Freight aims to provide better values to customers by taking a more modern and organized approach to their logistics needs. Since 2009, the company has more than doubled its revenue growth each year and projects revenues of more than $30 million in 2012.

The Indiana Economic Development Corporation offered Spot Freight, Inc., up to $650,000 in performance-based tax credits and up to $20,000 in training grants based on the company's job creation plans. The city of Indianapolis will consider additional property tax abatement at the request of Develop Indy.

"Indianapolis is a city where young companies thrive. As a logistics provider, Spot Freight has benefitted from our central location, superior infrastructure, low costs and quality labor, all of which have allowed them to grow quickly. We are happy they have chosen to continue their expansion here," said Mayor Greg Ballard.

According to the 2011 Conexus: Indiana Manufacturing and Logistics Report Card, Indiana's logistics industry earned an overall 'A' grade and ranked ninth in the country for logistics employment. As the Crossroads of America, Indiana has more than 11,000 total highway miles and is intersected by eight interstate highways, more than any other state in the nation.

About Spot Freight
Founded in 2009, Spot Freight specializes in bringing thousands of shippers and carriers together to meet the interests of the cargo and provide the specialized equipment needed to meet the demands of evolving supply chains. By utilizing state of the art technology, Spot Freight provides solutions to save its customers time and money. For more information, visit www.spotmyfreight.com.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.

Global Automotive Supplier Bringing More Jobs to Cass County

2011-11-14T09:37:00.001+01:00

LOGANSPORT, Ind. (Nov. 7, 2011) - Federal-Mogul Corporation (NASDAQ: FDML), a supplier of powertrain and safety technology, announced plans today to expand its operations here, creating approximately 100 new jobs by 2012.

The company, which manufactures fuel systems for the automotive, commercial, aerospace and agricultural industries, will invest $2.7 million to purchase new machinery and equipment for its 170,000 square-foot manufacturing plant and adjacent 15,000 square-foot technical center. Installation of the machinery is expected to begin this month.

"When a corporation with an extensive global background like Federal-Mogul continues to invest in Indiana, it shows the confidence companies have in our thriving business climate," said Governor Mitch Daniels. "Hoosiers across Indiana are reaping the benefits of a sound economic policy that promotes healthy growth and provides more jobs."

Headquartered in Southfield, Mich., Federal-Mogul employs 300 Hoosiers in Indiana. The company plans to begin hiring additional assembly and manufacturing associates in early 2012.

"This is great news for Federal-Mogul employees and for the Logansport community," said Brad Angle, plant manager at Federal-Mogul Logansport. "We are pleased to have this supportive decision and welcome the opportunity to invest in new technologies to enhance the plant's product and customer portfolio. We will add new fuel pump production lines in support of Federal-Mogul's leading position as a respected, high quality supplier of automotive fuel pumps to North American customers."

In 1899, Federal-Mogul was founded by Howard Muzzy and Edward Lyon as the Muzzy-Lyon Company and sold mill supplies and rubber goods. Today, with 45,000 employees operating in 35 countries, the company supplies $6.2 billion of products annually.

The Indiana Economic Development Corporation offered Federal-Mogul Corporation up to $450,000 in performance-based tax credits and up to $76,400 in training grants based on the company's job creation plans. The city of Logansport approved additional property tax abatement.

"Federal-Mogul has been a long-term fixture in our community and I am excited that they will be expanding their workforce here in Cass County," said Nolan "Skip" Kuker, president of the Logansport-Cass County Economic Development Foundation. "They have been wonderful to work with on this project and we would look forward to working with them again on any possible further growth. These partnerships help not only help Federal-Mogul but also Logansport and the state of Indiana."

Federal-Mogul's announcement is the latest in a succession of jobs announcements in Indiana's automotive industry. Just last week, AFCO Racing Products, a division of Speedway Motors, announced plans to grow its operations in Boonville, creating up to 61 new jobs by 2014. Also, Aisin Drivetrain recently announced that it will add a new manufacturing line for six-speed automatic transmissions for the commercial truck market, creating approximately 40 new jobs by 2014 in Crothersville.

About Federal-Mogul
Federal-Mogul Corporation is a leading global supplier of powertrain and safety solutions to the world's foremost original equipment manufacturers of automotive, commercial, aerospace, marine, rail and off-road vehicles; industrial, agricultural and power generation equipment; as well as the worldwide aftermarket. Federal-Mogul's leading technology and innovation, lean manufacturing expertise, and global distribution network deliver world-class products, brands and services at a competitive cost. The company's sustainable global profitable growth strategy creates value for its employees, customers and shareholders. Federal-Mogul was founded in Detroit in 1899. The company is headquartered in Southfield, Michigan, and employs approximately 45,000 people in 35 countries.

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.