Regal Beloit Corporation, a manufacturer of electrical and motion control products, will invest $8.1 million to consolidate its operations at a 376,000 square-foot facility in Plainfield, Indiana, creating up to approximately 50 new jobs.
The Beloit, Wisconsin-based company, which manufactures electric motors, generators, gear drives and electronic controls, is relocating multiple Midwest warehouses into its new regional distribution center located at the 9000 block of E. County Road in Plainfield, Indiana. As part of the project, the company will purchase new distribution machinery, software and information technology equipment for the facility.
Regal, which currently has approximately 350 Hoosiers employed at their Plainfield and Fort Wayne facilities, has already begun hiring additional distribution, logistics, quality control and customer service associates.
"Based on our company initiative of customer care and our continued growth, consolidating some of our warehousing operations should allow us to better meet our customer expectations," said Linda Shaw, vice president of customer care and logistics at Regal.
"The Plainfield community along with Browning-Duke Reality, worked together to offer a solution that met our needs and delivered a facility within our specified time frame."
"Regal is the latest example of a company that has recognized all the Hoosier State has to offer. With our low-tax economy, triple-A credit rating and balanced budget, the grass is greener for business in Indiana," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.
As an incentive, Indiana Economic Development Corporation offered RBC Manufacturing Corporation, a division of Regal Beloit Corporation, up to $260,000 in conditional tax credits and up to $8,450 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, the town of Plainfield will consider additional property tax abatement at the request of the Hendricks County Economic Development Partnership.
"The town of Plainfield is very pleased to have Regal and their employees in our community," said Robin Brandgard, president of the Plainfield Town Council. "We worked with them to provide the right building in a great location so their jobs could stay in our region. Plainfield is nationally recognized as a premiere location for industrial buildings with more than 28 million square feet under roof, and adding Regal's presence only enhances our reputation."