Ohio Rod Products Investing More Than $3M in Versailles, Indiana
09/09/2010
"Our traditional markets have matured, and we need to expand our manufacturing capabilities in order to realize the growth potential that exists in other fastener-related markets. Our location in southeastern Indiana continues to be beneficial to us by providing a reliable employee base, as well as proximity to our anticipated new business opportunities," said Jeff Liter, president of Ohio Rod Products.
The Indiana Economic Development Corporation has offered Ohio Rod Products up to $160,000 in performance-based tax credits, and up to $50,000 in employee training grants. The town of Versailles will consider additional property tax abatement at the request of the Ripley County Economic Development Corporation. The company will also receive a $500,000 grant from the city of Lawrenceburg's Regional Economic Development Grant program.
Project Announcements
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
EPC-Columbia Expands Lebanon, Kentucky, Plastic Injection Molding Operations
04/25/2024
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
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