Consultants Forum    |   FacilityLocations    |   FastFacility    |   Advertise    |   Subscribe    |   Newsletter    |   RSSRSS
Inward Investment Guides
Machinery Manufacturer ITR America Invests $6.2 Million On Expansion Of Hobart, Indiana Facility
Area Development Online News Desk (11/20/2012)
A heavy machinery equipment parts distributor, ITR America, will invest $6.2 million to build a 100,000 square foot facility on eight acres at Hobart Indiana’s North Wind Crossing Business Park, a state certified shovel ready site in Indiana’s Lake County. As part of the project, ITR said it will purchase new distribution equipment for the facility, which will be fully operational in 2014. ITR, which currently employs 20 full-time associates in Hobart and 180 across North America, plans to begin hiring additional manufacturing and material handling employees next year.

“Our decision to expand our new operations in Hobart is due to the proven results that we have seen and the great experience and success we have enjoyed in the area,” said Brett Clemens, president of ITR. “With this expansion, we can continue to provide fast and efficient delivery of ITR products to our customers while enjoying the benefits of working in a business-friendly city, county and state.”

“For ITR to choose to grow its headquarters in our state over all other options is a testament to the fine workers and compelling business environment Indiana has to offer,” said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. “I know the entire Hobart community is celebrating these new opportunities.”

Founded in 2006 by parent-company USCO, ITR supplies undercarriage, repair parts, ground engaging tools, rubber track and asphalt paver parts to the heavy machinery industry. With facilities located in Mississippi, Texas, New York, Georgia, California and Nevada, ITR services a wide variety of original equipment manufacturers, dealers and service organizations throughout North America.

As an incentive, the Indiana Economic Development Corporation provided ITR America, LLC with up to $125,000 in conditional tax credits 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 city of Hobart approved additional property tax abatement at the request of the Hobart Redevelopment Commission.

"The city of Hobart is pleased that ITR decided to make this significant investment in their new facility," said Mayor Brian Snedecor. "The company had been a tenant in the North Wind Crossing Business Park but will now become a building owner which is evidence of their satisfaction. The additional new jobs will benefit Hobart and the region."

Article Discussion
News Items
 
Around The Web
 
Studies/Research
News Items
 
Around The Web
 
Studies/Research

Share