Koester Metals Invests $2.7 Million To Relocate from Ohio To Northeast Indiana
02/27/2013
KMI also plans to relocate fabricating equipment from Ohio and update the Steuben County facility’s software and technology. The company, which currently employs 16 Hoosiers in Fremont, plans to begin hiring additional welders, laser operators and brake press operators in April.
"KMI is the latest company to look across the border and take notice of Indiana’s business-friendly climate," said Eric Doden, president of the Indiana Economic Development Corporation. "Our fiscal stability, robust infrastructure and strong workforce have made the Hoosier State the best place to do business in the Midwest."
"We are greatly looking forward to this move," said Matthew Koester, operations manager of KMI. "While we are blessed to have many 20- and 30-year employees planning to make the move with us, we look to continue growing our family with continued development of the best and brightest workforce available. The state of Indiana and local governments were very important in helping KMI make the decision to move our business. We look forward to continued growth and success within the Fremont area and to further develop our roots within the community."
As an incentive, The Indiana Economic Development Corporation offered Koester Metals, Inc. up to $240,000 in conditional tax credits and up to $50,000 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 Fremont will consider additional tax abatement at the request of the Steuben County Economic Development Corporation.
"KMI has been an excellent local company for Fremont since they initially leased the Fremont building in 2009," said Steve Brown, president of the Fremont Town Council. "We are happy to see them acquire that facility, relocate their headquarters and consolidate operations in Fremont. This is a testament to the advantages of operating a business in Fremont and the state of Indiana."
Project Announcements
Kikkoman Foods Plans Jefferson, Wisconsin, Operations
04/26/2024
BWX Technologies Expands Cambridge, Ontario, Nuclear Production Operations
04/26/2024
Greenheck Group Plans Knoxville, Tennessee, Operations
04/26/2024
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024