Superior Truss & Panel, Inc., a manufacturer and installer of commercial building roof trusses and wall panels, plans today to relocate its operations to Gary, Indiana, creating up to 52 new jobs by 2016.
The company will invest $2.6 million to construct, equip and relocate its operations into two 24,000 square-foot buildings on 8.5 acres at 7592 East Melton Road in Gary. The facility, which will begin Indiana operations this fall, will allow the company to innovate new methods for panelizing light gauge steel trusses and wall panels for non-combustible classified structures. Superior Truss & Panel, which currently employs 48 full-time associates, plans to begin hiring manufacturing associates this month.
“While Indiana has a business friendly environment, Gary provides easy access to interstate highways, allowing greater convenience in shipping to multiple states,” said Bryce Welty, President of Superior Truss & Panel.
“The Hoosier State remains an attractive place to run a business because it provides the ideal climate for growth,” said Victor Smith, Indiana Secretary of Commerce. “Indiana has worked hard to build a business environment that lets companies succeed on their own terms, free from restrictive regulations or red tape. With our low taxes, skilled workforce and robust transportation networks, Indiana stands out as a state that works.”
Founded in 1993, Superior Truss & Panel designs, engineers, fabricates and installs metal roof trusses and load bearing wall panels for the commercial construction industry. The company has manufactured projects for more than 1,500 building projects located east of the Rocky Mountains, specializing in construction for nursing homes, hotels, schools, office buildings, churches, apartments and government buildings.
As an incentive, Indiana Economic Development Corporation offered Superior Truss & Panel, Inc. up to $425,000 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 Gary approved additional incentives at the request of the Gary Economic Development Corporation.
“As I’ve said on countless occasions, ‘The city of Gary is open for business,’” said Gary Mayor Karen Freeman-Wilson. “Superior Truss & Panel’s commitment to relocate to Gary further proves this fact. We thank them for their investment and the job opportunities this will create for Gary residents to support their families and improve their quality of life.”