Mursix Corporation Invests $7.1 Million To Expand Its Yorktown, Indiana, Manufacturing Center
The homegrown-Hoosier company will expand and equip its headquarter facilities, adding 75,000 square-feet of manufacturing space to the existing 175,000 square-foot building on its 15-acre campus in Yorktown. The expansion will allow Mursix to produce components for alternative energy applications, such as converters and inverters used in hybrid trucks and vehicles.
"We have always been an Indiana company and are proud to remain so,” said Todd Murray, CEO of Mursix. “My parents are natives of Bedford, Indiana, and my brothers and sisters and I grew up in Indianapolis and Muncie. We all still live in Indiana. In addition to our objective of supplying quality products to our customers, we have also always considered the creation of jobs and the welfare of the families those jobs support as one of our primary objectives. Our people build things. The jobs we provide build families."
Founded in 1990 by Steve and Irene Murray, Mursix manufactures precision components for the automotive, appliance, alternative energy, electronics and security markets. The company Supplies to OEMs, tier 1 and tier 2 companies. Mursix, which employs more than 280 Hoosiers at its Yorktown and Indianapolis facilities, will begin hiring for manufacturing, engineering, quality and administrative jobs over the remainder of the year.
“One component at a time, employers like Mursix are building Indiana’s economy,” said Governor Mike Pence. “Like other growing Hoosier companies, Mursix understands the advantage it gains here in Indiana, with a lower cost of doing business, constantly shrinking red tape and the best manufacturing workforce available. Indiana is proud to be a state that works where employers can get things done, inspire excellence and achieve their big dreams.”
The Indiana Economic Development Corporation offered Mursix Corporation up to $625,000 in conditional tax credits and $75,000 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. Delaware County will consider additional incentives at the request of Muncie-Delaware County Economic Development Alliance.
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