L&E Engineering Company Invests $3.7 Million To Expand Its Greenwood, Indiana Manufacturing Center
The company, which produces sheet metal and tube fabrications for aerospace and industrial gas turbine engines, is a subsidiary of Franklin, Ohio-based Ferco Aerospace Group. The firm plans to add equipment and almost double the size of its existing 23,000 square-foot facility at 254 North Graham Road in Greenwood. As part of the expansion, which is slated to be complete by the summer of 2014, the company will install additional tube manufacturing operations.
“We have a very active group of dedicated, highly-skilled people working for us here in Greenwood,” said Greg Sandberg, president of L&E Engineering. “Paired with excellent cooperation coming from local and state officials, it was clear that Indiana was the place to grow our operations.”
“Because of companies like L&E Engineering, Indiana lead the nation in manufacturing job growth,” said Eric Doden, president of the Indiana Economic Development Corporation. “This is a testament to our knowledgeable and industrious workforce, low-tax environment and robust infrastructure. When it’s time to build something, Hoosiers continue step up and grow our economy.”
As an incentive the Indiana Economic Development Corporation offered L&E Engineering Company up to $400,000 in conditional tax credits and up to $50,000 in training grants 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. In addition, the city of Greenwood will consider additional tax abatement at the request of the Johnson County Development Corporation.
Denali Ingredients Expands with Additional New Berlin, Wisconsin, Manufacturing Facilities
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
A Changing Food Manufacturing Industry
2017 Food Processing
2018 Top States for Doing Business: Georgia Ranks #1 Fifth Year in a Row
2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List
33rd Annual Corporate Survey & the 15th Annual Consultants Survey
2019 Gold & Silver Shovel Awards Project of the Year: Nikola Motor Corp. to Build Hydrogen-Electric Trucks in Arizona