Stant Corporation has announced that it will invest $6.35 million to upgrade and equip its 205,000 sq.-ft. manufacturing and corporate headquarters in Connersville, IN. The project is expected to create up to 59 new jobs by 2013.
Stant is a manufacturer of engineered vapor management, fuel delivery and thermal management systems and components for the aftermarket, automotive original equipment and industrial global markets.
The company currently employs 248 associates in the state, and will begin hiring more workers later this year to coincide with equipment delivery and installation. It is one of the largest employers in Fayette County.
President and CEO Curt Howell said major factors for his firm's decision to expand here were "the pro-business attitude and swift attention to the needs of our industry. The people of this community have been loyal to us, and have been a big part of our global leadership position in our products and technologies. We look forward to many more years of sustained profitable growth."
"Indiana's manufacturing industry remains robust and continues to be strengthened by well-established, home-grown companies like Stant," said Governor Mitch Daniels. "More and more, companies are choosing to remain and expand in Indiana, and we're grateful for the opportunities that will be created for Hoosiers."
The Indiana Economic Development Corporation offered Stant up to $300,000 in performance-based tax credits and up to $150,000 in training grants based on the company's job creation plans. The city of Connersville will also offer incentives to help with the expansion.
"Stant USA is a company founded more than 100 years ago in Connersville, and we now have the opportunity to partner with them and create 59 new jobs," said Mayor Leonard Urban. "We appreciate the opportunity that this world-wide company has given our community."