— Gov. Mitch Daniels and executives from nine companies announced this week new investments in Indiana expected to create a combined 2,552 new jobs over the next few years.
Today’s news comes amidst the state’s record breaking year of economic development results. This year, the Indiana Economic Development Corporation has already worked with 251 companies that have made decisions to expand or establish operations in Indiana, outpacing the 219 decisions by companies announced at year-end last year and every other year on record. The 251 companies anticipate investing $6.57 billion in their Indiana operations and creating 27,858 new jobs in the coming years.
“We’ve added jobs at nearly twice the national average for the past three years, but we have seen a significant surge of new interest in the past several months,” Daniels said. “The best holiday gifts the state could receive are these jobs but today’s bundle is not the last for this year. Stand by for more.”
According to the U.S. Labor Department, Indiana ranked second in the country for private sector jobs added over the past month and is fifth for job growth over the past year. Since the low point of employment in July 2009, Indiana’s private sector jobs growth (6.6 percent) has nearly doubled the nation (3.8 percent).
Angie’s List, a national provider of consumer reviews on local service companies, plans to invest about $1 million to expand its Indiana operations, creating up to 850 new jobs by 2017. Angie’s List, which currently employs more than 1,000 people in Indianapolis, launched in 1995 in Columbus, Ohio, with one employee — co-founder Angie Hicks. The company moved its headquarters to Indianapolis in 1999 and has since expanded to serve members in more than 200 cities across the United States.
Elkhart-based Atwood Mobile Products, a lightweight durable recreational vehicle components manufacturer, will invest $5.9 million to consolidate manufacturing operations from Michigan and distribution and warehousing operations from Tennessee and other locations to Elkhart County, creating up to 132 new jobs by 2015. With more than 700 associates nationwide, the company currently employs 368 employees at four Elkhart County sites.
BidPal, Inc., an Indianapolis-headquartered handheld bidding device company that helps non-profits enhance charitable fundraising, will invest $3.5 million to expand its existing office space on the north side of Indianapolis, creating up to 172 new jobs by 2017. As part of the project, it will also acquire additional information technology and telecommunications equipment to support growing customer demand and expand the company’s service and support capacities. BidPal received a $1 million grant from the state’s 21st Century Research and Technology Fund (21 Fund) in 2009 and has since grown to more than 65 associates in Indiana today.
Brunswick Fort Wayne Operations, producer of Harris FloteBote and Cypress Cay pontoon boats, plans to expand its operations in northern Indiana, creating up to 200 new jobs by 2016. The company has manufactured recreational boats for more than 50 years in Fort Wayne. Having outgrown its current facility, the company plans to move into a larger space by early 2014.
Phoenix, Ariz.-based Café Valley, Inc., is a producer of baked goods — both private label and its own Café Valley Bakery brand — for restaurants, supermarkets, and convenience stores across the United States as well as 50 countries. The company plans to construct a new facility on the former Thompson Consumer Electronic site in Marion, creating up to 400 new jobs by the end of 2018. The new facility is expected to open its doors in 2014 with about 100 employees.
ExactTarget will invest $55 million in equipment and real estate to expand its Indianapolis operations over the next five years, creating up to 500 new jobs by 2018. The global interactive marketing provider, which employs more than 1,000 Hoosiers in Indianapolis, debuted on the New York Stock Exchange in March and recently announced multi-million dollar acquisitions of Atlanta-based Pardot and Indianapolis-based iGoDigital.
Inventure Foods, a marketer and manufacturer of specialty food brands, will expand its Bluffton operations, creating up to 80 new jobs by 2015. The company plans to add bagging machines and distribution systems to accommodate product growth. With additional locations in Arizona and Washington, the company’s products range from Jamba smoothies to Boulder Kettle chips to T.G.I. Friday’s potato skins and onion rings.
Mitsubishi Engine North America (MENA) will begin manufacturing turbochargers for automobiles in the United States and will invest $10.8 million to locate its first plant on Mitsubishi Heavy Industries Climate Control’s (MCCA) campus in Franklin, creating up to 73 new jobs by 2016. The turbocharger division will occupy about 18,500 square feet of the existing MCCA Franklin plant and add an additional 10,700 square feet of new construction. MENA and MCCA are wholly-owned subsidiaries of Mitsubishi Heavy Industries, Ltd. Japan.
Moorehead Communications, Inc., d/b/a TCC, the largest Verizon Wireless premium retailer in the nation, plans to expand its Indiana operations, creating up to 145 new jobs by 2016. Founded in 1991, today the company employs 467 Hoosiers and operates more than 850 locations in 39 states across the nation. Over the last four years, the company has had a growth rate of more than 325 percent.
The Indiana Economic Development Corporation offered Angie’s List up to $7,000,000 in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. Atwood Mobile Products LLC was offered up to $700,000 in conditional tax credits and up to $120,000 in training grants based on its job creation plans. BidPal, Inc. was offered up to $2,150,000 in conditional tax credits based on its job creation plans. Brunswick Leisure Boat Company, LLC was offered up to $2,575,000 in conditional tax credits and up to $50,000 in training grants based on its job creation plans. Café Valley, Inc. was offered up to $5,800,000 in conditional tax credits based on its capital investment plans. ExactTarget, Inc. was offered up to $10,000,000 in conditional tax credits and up to $200,000 in training grants based on its job creation plans. Inventure Foods, Inc. was offered up to $425,000 in conditional tax credits and up to $75,000 in training grants based on its job creation plans. Mitsubishi Engine North America, Inc. was offered up to $600,000 in conditional tax credits and up to $100,000 in training grants based on its job creation plans. Moorehead Communications, Inc. was offered up to $1,195,000 in conditional tax credits and up to $200,000 in training grants based on its job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.