News From Terre Haute, Indiana

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December 12, 2012

Indiana companies pledge big wave of job creation

INDIANAPOLIS — Indiana Gov. Mitch Daniels announced Tuesday that nine companies have promised to create more than 2,500 jobs around the state over the next five years.

The companies have been promised more than $30 million in conditional tax credits — incentives that can’t be claimed by the companies until the jobs are created and filled.

The job commitments come from a variety of companies around the state, including Mitsubishi Engine North America, which plans to begin manufacturing turbochargers for automobiles at its plant in Franklin, Ind., by 2014.

Other companies that have made job-creating promises include the Indianapolis-based Angie’s List, a consumer-oriented website, which said it will create 850 jobs by 2017; and Atwood Mobile Products, a recreational-vehicle parts maker that plans to shut down some of its operations in Michigan, Tennessee and other locations and move up 132 jobs to Elkhart County by 2015.

In making the announcement, Daniels said the state has had a “record-breaking year” in economic development, citing 251 companies that have indicated to the state that they’ll be creating or expanding jobs in the state. He also promised they’ll be more to come.

“The best holiday gifts the state could receive are these jobs but today’s bundle is not the last for this year,” Daniels said.

 

The nine Indiana companies and what they have planned …

Angie’s List, a national provider of consumer reviews on local service companies, is expected to invest approximately $1 million to expand its Indiana operations, creating up to 850 new jobs by 2017. Angie’s List, which currently employs more than 1,000 people in Indianapolis, launched in 1995 in Columbus, Ohio, with one employee: co-founder Angie Hicks.

Atwood Mobile Products, a lightweight durable recreational vehicle components manufacturer, is expected to invest $5.9 million to consolidate manufacturing operations from Michigan and distribution and warehousing operations from Tennessee and other locations to Elkhart County, creating up to 132 new jobs by 2015. With more than 700 associates nationwide, the company currently employs 368 employees at four Elkhart County sites.

BidPal, an Indianapolis-headquartered handheld bidding device company that helps nonprofits enhance charitable fundraising, is expected to invest $3.5 million to expand its existing office space on the north side of Indianapolis, creating up to 172 new jobs by 2017. As part of the project, it would also acquire additional information technology and telecommunications equipment to support growing customer demand and expand the company’s service and support capacities. BidPal received a $1 million grant from the state’s 21st Century Research and Technology Fund (21 Fund) in 2009.

Brunswick Fort Wayne Operations, the producer of Harris FloteBote and Cypress Cay pontoon boats, is expected to expand its operations in northern Indiana, creating up to 200 new jobs by 2016. The company has manufactured recreational boats for more than 50 years in Fort Wayne.

Café Valley Inc., a producer of baked goods for both private label and its own Café Valley Bakery brand for restaurants, supermarkets and convenience stores across the United States and in 50 countries, is expected to construct a new facility on the former Thompson Consumer Electronic site in Marion, creating up to 400 new jobs by the end of 2018.

ExactTarget, a global interactive marketing provider, is expected to invest $55 million in equipment and real estate to expand its Indianapolis operations over the next five years, creating up to 500 new jobs by 2018. The company employs more than 1,000 Hoosiers in Indianapolis.

Inventure Foods, a marketer and manufacturer of specialty food brands, is expected to expand its Bluffton operations, creating up to 80 new jobs by 2015. The company plans to add bagging machines and distribution systems to accommodate product growth. The company’s products range from Jamba smoothies to Boulder Kettle chips to T.G.I. Friday’s potato skins and onion rings.

Mitsubishi Engine North America (MENA), a manufacturer of turbochargers for automobiles in the United States, is expected to invest $10.8 million to locate its first plant on Mitsubishi Heavy Industries Climate Control’s (MCCA) campus in Franklin, creating up to 73 new jobs by 2016. The turbocharger division will occupy approximately 18,500 square feet of the existing MCCA Franklin plant and add an additional 10,700 square feet of new construction. MENA and MCCA are wholly owned subsidiaries of Mitsubishi Heavy Industries Ltd. Japan.

Moorehead Communications Inc., the largest Verizon Wireless premium retailer in the nation, is expected to expand its Indiana operations, creating up to 145 new jobs by 2016. Founded in 1991, today the company employs 467 Hoosiers and operates more than 850 locations in 39 states across the nation. Over the last four years, the company has had a growth rate of more than 325 percent.

Source: The Indiana Economic Development Corp.

 

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