Wednesday, April 9, 2014

News-Sentinel Reports PDQ Tooling Offered Incentives for Expansion in Columbia City

From the Fort Wayne News-Sentinel:

PDQ Tooling, a cutting-tool manufacturer for the production machining industry, announced plans Tuesday to locate operations in Columbia City, creating up to 45 new jobs by 2019.
The company, which shares ownership with Columbia City-based PDQ Workholding, will invest $7.2 million to lease, renovate and equip a 17,000 square-foot facility located at 1100 S. Williams Drive in Columbia City. With operations expected to commence this June, PDQ plans to begin hiring assembly, engineering, administrative and machining positions later this year. Interested applicants may apply by
PDQ Tooling designs and manufactures custom indexable cutting tools for the production machining industry. It serves regional and global customers and synergizes with PDQ Workholding, according to the Indiana Economic Development Corp.
The IEDC offered PDQ Tooling up to $300,000 in conditional tax credits based on the company's job-creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Whitley County approved additional tax abatement at the request of the Whitley County EDC.