A leading privately held building materials supplier, 84 Lumber Company plans today to locate an 84 Components manufacturing facility in Franklin, Indiana. The company expects to create up to 100 new jobs by 2019.
The certified women’s business enterprise, which is named for its founding city of Eighty Four, Pennsylvania, will invest $5.59 million to purchase, renovate and equip the former Trussway facility at 1850 North Graham Road in Franklin.
In the facility, which has been vacant since 2009, the company will manufacture wood roof trusses, floor trusses and wall panels. Renovations on the long-vacant, 84,000-square-foot facility will begin in January, with installation of the latest software, computerized saws, specialized jigging equipment and precision wall panel systems. The company, which currently employs more than 4,600 employees across all operations in the United States, plans to begin hiring in February for plant management and production associate positions.
“Indiana is an important part of 84 Lumber’s continued growth and expansion,” said Maggie Hardy Magerko, President/Owner of 84 Lumber. “The addition of the facility in Franklin will allow us to better service and provide materials to our builders in the region.”
“By building the nation’s best business climate in Indiana, our state is attracting jobs from across the country,” said Governor Mike Pence. “By doing business in Indiana, companies like 84 Lumber are gaining the competitive advantage that comes with a skilled workforce, low taxes and stable business climate. We are proud to welcome 84 Lumber to the Hoosier state, where companies can grow and create new jobs with confidence.”
The Indiana Economic Development Corporation offered 84 Lumber Company up to $450,000 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 Franklin will consider additional incentives at the request of the Johnson County Development Corporation.