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Indiana Orthopedic And Special Tooling Manufacturer Invests $2.34 million In Expansion

02/22/2012
A manufacturer of orthopedic instruments, industrial parts and specialized tooling, Haven Manufacturing Indiana, Inc., will invest $2.34 million to expand and renovate its current 30,000 square foot complex in Ossian, Indiana, creating up to 70 new jobs by 2014.

Haven Manufacturing provides services and parts to the medical, furniture, aerospace and transportation industries. The firm has already started to hire equipment operators, CNC programmers and managers.

"We feel confident that the investment we make in equipment and people will make a positive return for our customers and organization for many years," said Leonard Feddema, president of Haven Manufacturing Indiana. "We are honored and thankful to have had several customers recognize this and begin using us already."

The Indiana Economic Development Corporation offered Haven Manufacturing Indiana up to $550,000 in conditional tax credits and up to $45,600 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. The Wells County Council approved additional property tax incentives.

"We are delighted that Haven Manufacturing Indiana has purchased Hower Tool and welcome them into our community," said Luanne Martin, Ossian Town Manager.

"Haven Manufacturing Indiana is a great example of the many innovative companies that call Indiana home," said Governor Mitch Daniels. "Thanks to our state's skilled workforce and business friendly climate, Indiana provides a business environment where budding, home-grown companies like Haven Manufacturing Indiana can thrive."

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