Mayco International Invests $2.88 Million To Expand Its Manufacturing Center In Hartford City, Indiana
12/12/2013
The company will renovate and increase capacity at its 110,000 square-foot facility located at 1701 W. McDonald Street in Hartford City. The facility improvements, with new equipment slated to be operational by February, will allow the company to fulfill increased client orders for automotive sunshades and other lightweight systems.
Mayco and its affiliates design, engineer, tool and manufacture products for original equipment manufacturers and other tier 1 automotive suppliers. Specializing in the development and manufacturing of automotive parts for interior trim applications in Hartford City, the location aims to begin producing more light weight products for automotive applications.
"Indiana, home of a world class workforce, has been a very user-friendly state with which to work," said Nick DeMiro, President of Mayco. "We have had many strategic discussions with the IEDC over the years, and I am proud that we are now able to grow our business in our Hartford City facility. This is great news for our people as well as for the community."
"When global companies like Mayco consider where to locate new jobs, they have a world of options," said Gov. Mike Pence. "Yet, those choices continue to lead them right back to Indiana. Through sound fiscal stewardship, Indiana has built a business climate that supports growth. From our talented workforce to low taxes, there's a reason why Indiana is a state that works."
As an incentive, Indiana Economic Development Corporation offered Mayco International, LLC up to $880,000 in conditional tax credits and up to $80,000 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. Hartford City approved additional incentives at the request of the Blackford County Economic Development Corporation.
"Hartford City is proud to be part of Mayco's global strategy," said Hartford City Mayor Ben Hodgin. "The company's investment in real estate and equipment shows a strong long-term commitment to the Hartford City plant. We applaud Mayco's expansion as another example of companies succeeding and growing in Hartford City."
Project Announcements
Republic Airways Holdings Plans Tuskegee, Alabama, Training Operations
04/18/2024
South Africa-Based Radel Plans Winston-Salem, North Carolina, Operations
04/18/2024
Firestone Industrial Products Expands Dyersburg, Tennessee, Operations
04/18/2024
Samsung Electronics Expands Taylor, Texas, Chip-Manufacturing Operations
04/18/2024
OMCO Solar Plans Huntsville, Alabama, Production Operations
04/18/2024
Martco-RoyOMartin Upgrades Allen Parish, Louisiana, 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
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024