Superior Truss & Panel Invests $2.6 Million To Locate Manufacturing Center In Gary, Indiana
07/08/2014
The company will invest $2.6 million to construct, equip and relocate its operations into two 24,000 square-foot buildings on 8.5 acres at 7592 East Melton Road in Gary. The facility, which will begin Indiana operations this fall, will allow the company to innovate new methods for panelizing light gauge steel trusses and wall panels for non-combustible classified structures. Superior Truss & Panel, which currently employs 48 full-time associates, plans to begin hiring manufacturing associates this month.
“While Indiana has a business friendly environment, Gary provides easy access to interstate highways, allowing greater convenience in shipping to multiple states,” said Bryce Welty, President of Superior Truss & Panel.
“The Hoosier State remains an attractive place to run a business because it provides the ideal climate for growth,” said Victor Smith, Indiana Secretary of Commerce. “Indiana has worked hard to build a business environment that lets companies succeed on their own terms, free from restrictive regulations or red tape. With our low taxes, skilled workforce and robust transportation networks, Indiana stands out as a state that works.”
Founded in 1993, Superior Truss & Panel designs, engineers, fabricates and installs metal roof trusses and load bearing wall panels for the commercial construction industry. The company has manufactured projects for more than 1,500 building projects located east of the Rocky Mountains, specializing in construction for nursing homes, hotels, schools, office buildings, churches, apartments and government buildings.
As an incentive, Indiana Economic Development Corporation offered Superior Truss & Panel, Inc. up to $425,000 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. The city of Gary approved additional incentives at the request of the Gary Economic Development Corporation.
“As I’ve said on countless occasions, ‘The city of Gary is open for business,’” said Gary Mayor Karen Freeman-Wilson. “Superior Truss & Panel’s commitment to relocate to Gary further proves this fact. We thank them for their investment and the job opportunities this will create for Gary residents to support their families and improve their quality of life.”
Project Announcements
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
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
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
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