From the Evansville Courier & Press:
A heavy construction equipment dealer announced plans Wednesday to build a new facility in Evansville, creating about 50 jobs.
Monty Boyd, president and chief executive officer of Whayne Supply, said his company will invest $2.45 million to outfit a 79,730 square-foot facility next to its current Evansville location at 2504 Lynch Road.
The new location, which will support the company's expansion into the mining equipment industry, will house re-manufacturing of mining equipment and distribution operations. Work on the North Side facility should commence this summer, Boyd said.
Whayne Supply, which currently employs 140 people at its local facility and another 1,400 worldwide, plans to begin hiring new management, manufacturing and distribution associates to coincide with facility renovations and improvements. The average hourly wage will be $21 when the operation is in full swing in about four years.
...
Debbie Dewey, president of GAGE, said Whayne Supply already is located within the Evansville Urban enterprise Zone, which qualifies it for a deduction of real and personal property tax for the increased value of the investment. The estimated gross and present value of the 10-year investment deduction has an approximate value of $305,000 for real property and $80,000 for personal property.
Dewey also said the city also offered Whayne a $20,000 training grant, providing about $500 per employee.
The Indiana Economic Development Corporation offered Whayne Supply Company up to $400,000 in conditional tax credits and up to $50,000 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.
http://www.courierpress.com/news/2012/may/30/no-headline---ev_whayne/
