A supplier of plastic molded components and printed-formed graphics for the automotive and transportation markets, Japan-based Tsuchiya Group North America will invest $9.2 million to establish its new headquarters, R&D complex, engineering and design center in the Certified Tech Park in Bloomington, Indiana.
"Indiana is a state that has made economic development and creation of Hoosier jobs a priority," said Melanie Walker Hart, chief executive officer of Tsuchiya Group North America. "For Tsuchiya Group and TASUS, this is an ideal location to open a manufacturing technical and design center. We are surrounded by the likes of Ivy Tech, the Hoosier Hills Career Center, Vincennes University and of course Indiana University.”
“The city of Bloomington and Indiana University's partnership in the development of the Trades District is an excellent example of how a city can grow its local economy through increased technical-based job opportunities,” she added.
As an incentive, the Indiana Economic Development Corporation offered TASUS Corporation up to $300,000 in conditional tax credits and up to $43,750 in training grants based on the company's job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. In addition, the city of Bloomington also offered incentives.
Governor Mike Pence said, "As a state, we have worked hard to build a business climate that now ranks first in the Midwest and fifth in the nation by cutting costs, taxes and regulations. Tsuchiya Group's decision to expand and grow here in Indiana signifies a confidence in our fiscally-predictable economic environment and, more importantly, in our hardworking Hoosier workforce."