Shambaugh & Son Invests $4.37 Million To Expand Its Fort Wayne, Indiana Headquarters
Area Development Online News Desk (06/19/2013)
Shambaugh & Son, LP, a specialty contractor, plans to expand its Fort Wayne, Indiana, headquarters, creating up to 110 new jobs by 2016.
The homegrown-Hoosier company, which is a subsidiary of EMCOR Group, will invest $4.37 million to lease, expand and equip two facilities in Fort Wayne. The company will expand its existing facility to 140,000 square feet to house its administrative and engineering functions. In addition, Shambaugh will lease a 70,000 square-foot fabrication shop approximately 2.5 miles from its main campus. Both facilities are expected to be operational by September.
"We're delighted to be expanding in Indiana, where we can access a skilled workforce that allows us to provide exceptional service to our customers," said Mark Shambaugh, chief executive officer of Shambaugh. "We are very proud that our roots are here in Fort Wayne and look forward to continuing our longstanding commitment to the community."
Shambaugh, which currently employs 528 full-time associates in Fort Wayne, 1,195 across Indiana and more than 1,800 nationally, has already begun hiring additional mechanical, process and refrigeration engineers, pipefitters and metal trades associates.
"With roots dating back 87 years in the Hoosier State, Shambaugh knows firsthand the benefits of operating in Indiana," said Gov. Mike Pence. "Our low tax rates, centralized location and skilled workforce make Indiana ideal for companies looking to exercise a competitive advantage and help us offer long-lasting value as a state that works for business."
Founded in 1926, Shambaugh is the largest process, mechanical, electrical and plumbing construction services contractor in Indiana, with additional Indiana offices in Indianapolis, Lafayette and South Bend. The company, which operates in 44 states, serves clients in the industrial, food processing, commercial and healthcare industries. The company was the main builder and designer of the world's largest, one million square-foot yogurt plant in Twin Falls, Idaho. The project was completed in 10 months, earning Shambaugh's facility the designation 2013 Food Plant of the Year from Food Engineering magazine.
As an incentive, the Indiana Economic Development Corporation offered Shambaugh & Son, LP up to $1 million in conditional tax credits and up to $100,000 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 city of Fort Wayne will consider additional tax abatement at the request of the Fort Wayne-Allen County Economic Development Alliance.