Hendricks County Flyer, Avon, IN

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December 12, 2012

Companies unveil Indiana investment plans

More than 2,550 new jobs to come

(Continued)

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.

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