Japan-Based Aisin Electronics Invests $32.8 Million To Expand Its Marion, Illinois, Production Plant
The 108,005-square-foot expansion is scheduled to open March 2014, and will be located adjacent to the current 57,600-square-foot facility at 11200 Redco Drive. The Marion facility currently employs 236 workers. Aisin’s decision to expand will mean a 34 percent increase in its workforce.
“As a global, Tier One automotive supplier, Aisin has nearly 180 companies in communities all over the world,” John D. Koenig, Sales and Marketing President of Aisin World Corp. of America, said. “There is no question that much of our success is based on the community support we receive and the strong workforce provided by our local partners like Marion and Williamson County. We’re excited about our expansion here, and look forward to an ongoing and productive relationship in the future.”
“Illinois is one of the best places in the world to do business,” Gov. Pat Quinn said. “Aisin Electronics knew that when they came to Marion nine years ago, and they are confirming it by nearly tripling the size of their operation here. We welcome the expansion and Aisin’s commitment to good workers and quality products, and we will continue working hard to attract more businesses to Illinois and help our employers grow.” Illinois’ transportation network, world-class infrastructure and highly skilled workforce were key factors in the company’s decision to expand in Marion, the Governor said.
As an incentive, Illinois Department of Commerce and Economic Opportunity is providing a targeted investment package for Aisin Electronics that includes a $250,000 grant under the Large Business Development Program. The program is designed for businesses undertaking major expansion projects that will result in a substantial private investment and the creation or retention of a large number of Illinois jobs. Aisin Electronics is also eligible for a $40,000 Employer Training Investment Program grant to help increase the skills of its workforce, and the firm will benefit from being located in an Enterprise Zone. The company will be eligible for tax credits based on job creation.
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