From the Indianapolis Business Journal:
A new manufacturer of heavy equipment that uses clean energy plans to move its corporate headquarters from South Carolina to Muncie, invest $4.6 million in an engineering and assembly facility, and create as many as 288 jobs within four years.
DD Dannar LLC, based in Greenville, S.C., announced Wednesday that it planned to relocate and produce a vehicle named the Dannar Mobile PowerStation, according to Muncie-Delaware County Economic Development Alliance.
The company initially will occupy 25,000 square feet in the Business Center facility at 4620 W. Bethel Ave. The firm plans to add space as its operations grow, investing as much as $4.6 million in equipment, technology and other improvements over four years.
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Indiana Economic Development Corp. offered DD Dannar up to $2.6 million in conditional tax credits and $25,000 in training grants based on the company’s job-creation plans, according to the alliance. The firm cannot claim the credits until jobs are created.
Delaware County Redevelopment Commission is considering a package of incentives including a $150,000 low-interest loan, free rent in the Business Center and $500,000 in improvements to the facility.
Mobile PowerStation is a hybrid-electric maintenance vehicle aimed at government and military customers.
http://www.ibj.com/manufacturer-to-relocate-to-muncie-add-288-new-jobs/PARAMS/article/42007
