Tuesday, September 11, 2012

Faeza Alloyers Offered Incentives for Investment in Shelbyville

From the Indianapolis Business Journal:

Faeza Alloyers USA, a metal alloys manufacturer and fabricator, announced Tuesday morning that it plans to open a plant in Shelbyville and create 47 jobs by 2015.

The company, a division of Mexico-based Faeza Group, said it will invest nearly $7.6 million to construct and equip the 36,000-square-foot facility—its first in the United States—on an 11-acre shovel-ready site.

Faeza will begin hiring for production and support positions in the spring, with a planned opening to follow in the summer.

The Indiana Economic Development Corp. said it will provide Faeza up to $200,000 in performance-based tax credits and up to $50,000 in training grants based on the company’s job-creation plans. The city of Shelbyville will consider additional property tax abatements.
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http://www.ibj.com/auto-parts-manufacturer-plans-plant--47-jobs-in-shelbyville/PARAMS/article/36592