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PHD Inc. Invests $4.18 Million To Expand Its Huntington, Indiana, Manufacturing Center

Area Development Online News Desk (04/23/2014)
PHD, Inc., a supplier of automation components for manufacturers worldwide, plans to expand its Huntington, Indiana, operations center, creating up to 22 new jobs by 2017.

The Fort Wayne, Indiana headquartered company will invest $4.18 million to equip its 76,000 square-foot production facility in Huntington. With new equipment expected to be installed this month, the company plans to begin insourcing production of multi-axis CNC machined parts. PHD, Inc., which currently employs approximately 285 full-time Indiana associates, including 105 in Huntington, plans to begin hiring for CNC machinists and programmers later this month.

“PHD, Inc. has a long and successful history in developing and manufacturing high quality, long life, industrial automation components in Indiana. PHD, Inc. has developed a long-term strategic plan for growth and we are excited about the opportunities to partner with the state and Huntington County,” said David French, Vice President of Operations at PHD, Inc. “Our employees have developed excellent manufacturing, CNC machining and assembly skills that are required to compete in the global marketplace. We look forward to the growth of our business and the opportunity to add new multi-axis machining capabilities and additional employment opportunities in our community.”

“Building and maintaining an affordable business climate is a top priority in the Hoosier State,” said Eric Doden, President of the Indiana Economic Development Corporation. “Through years of hard work and careful planning, we have established Indiana as a place where companies like PHD, Inc. can launch and grow long-term plans with confidence.”

As an incentive, Indiana Economic Development Corporation offered PHD, Inc. up to $150,000 in conditional tax credits and up to $35,000 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, Huntington County approved additional incentives at the request of Huntington County Economic Development.

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