From the Lafayette Journal & Courier:
Adkev Inc., an injection and insert molding manufacturer, announced plans Tuesday to expand its Monticello plant and create up to 60 jobs by 2016. Currently 85 people work there.
The company will invest $11 million at its 183,000-square-foot plant to add 40,000 square feet and renovate and equip the facility, the Indiana Economic Development Corp. said in a press release.
Jeremy Kyser, plant manager, said the company was regularly asked to consider opening facilities in Tennessee, Alabama and Mexico but chose to expand at the plant on North Sixth Street.
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Indiana Economic Development Corp., the state’s economic development agency, offered Adkev up to $300,000 in conditional tax credits and up to $50,000 in training grants, based on job creation plans.
The tax credits are performance-based, and until Hoosiers are hired, the company is not eligible to claim any incentive money, according to the press release. White County approved additional tax abatement at the request of the White County Economic Development Organization Inc.
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http://www.jconline.com/apps/pbcs.dll/article?AID=2013312030026
