Cable Manufacturer to Create Up to 40 Jobs Via $3 Million Investment in Indiana
08/19/2011
St. Louis, Missouri-based Belden designs, manufactures and markets cable, connectivity and networking products, and employs nearly 6,600 associates worldwide--including 39 workers in Carmel. Its Americas division headquartered in that city represents over half of the company's $1.7 billion revenues in 2010.
Belden was offered up to $750,000 in performance-based tax credits (based on its job creation plans) from the Indiana Economic Development Corporation. The city of Carmel will consider offering additional property tax abatement.
"Belden is pleased to receive the support of the state of Indiana and the city of Carmel for its growth plan in the Indianapolis area," said Denis Suggs, executive vice president, Americas Operations and Global Cable Products at Belden. "The business environment in Indiana is tremendous and we are proud to employ over 800 Indiana residents."
Belden's Carmel expansion project comes on the heels of recent announcements from a few other companies in nearby Indianapolis. Together, Angie's List, Old Dominion Freight Line and Belden have committed to creating over 700 jobs and investing almost $37 million in central Indiana within the next few years.
Project Announcements
JDSAT Expands Fairfax County, Virginia, Operations
04/25/2024
Trussworks Mid-America Plans Jackson, Missouri, Manufacturing Operations
04/25/2024
Epic Flight Academy Establishes Hebron, Kentucky, Operations
04/25/2024
EPC-Columbia Expands Lebanon, Kentucky, Plastic Injection Molding Operations
04/25/2024
Daisy Brand Plans Boone, Iowa, Production Operations
04/22/2024
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024