Equipment Manufacturer to Invest $6.4 Million for IN Expansion Project & Create 60 Jobs
ET is the largest independently-owned manufacturer of self-propelled sprayers in North America, and sells throughout this continent, Australia and Eastern Europe. Last year its AS715 model sprayer was recognized as "Product of the Year" by publishers of No-Till Farmer magazine.
Currently the manufacturer employs over 50 workers in Mooresville. It expects to begin hiring in the near future for administration, sales, manufacturing and warehouse positions.
The Indiana Economic Development Corporation offered ET up to $550,000 in performance-based tax credits and up to $25,000 in training grants based on the company's job creation plans. The town of Mooresville provided infrastructure assistance and property tax abatement at the request of the Morgan County Economic Development Corporation.
CEO Matt Hays said that a Central Indiana location places his company in the "heart" of its market and provides good transportation access for distribution. "Those benefits, combined with strong state and local support for business, made the expansion of our Indiana facility a reality. Indiana and town of Mooresville officials were attentive and instrumental in removing any barriers that threatened to limit our ability to grow at the site."
"Equipment Technologies is a company that takes the best of Indiana's heritage, combined with the latest innovation to make a product that has global demand," said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "The company could have landed this expansion in any number of locations so their decision to continue the next phase of their success in Indiana is a testament to our workforce and low-tax environment."
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