84 Lumber Company Locates Components Manufacturing Plant In Franklin, Indiana
01/06/2016
The certified women’s business enterprise, which is named for its founding city of Eighty Four, Pennsylvania, will invest $5.59 million to purchase, renovate and equip the former Trussway facility at 1850 North Graham Road in Franklin.
In the facility, which has been vacant since 2009, the company will manufacture wood roof trusses, floor trusses and wall panels. Renovations on the long-vacant, 84,000-square-foot facility will begin in January, with installation of the latest software, computerized saws, specialized jigging equipment and precision wall panel systems. The company, which currently employs more than 4,600 employees across all operations in the United States, plans to begin hiring in February for plant management and production associate positions.
“Indiana is an important part of 84 Lumber’s continued growth and expansion,” said Maggie Hardy Magerko, President/Owner of 84 Lumber. “The addition of the facility in Franklin will allow us to better service and provide materials to our builders in the region.”
“By building the nation’s best business climate in Indiana, our state is attracting jobs from across the country,” said Governor Mike Pence. “By doing business in Indiana, companies like 84 Lumber are gaining the competitive advantage that comes with a skilled workforce, low taxes and stable business climate. We are proud to welcome 84 Lumber to the Hoosier state, where companies can grow and create new jobs with confidence.”
The Indiana Economic Development Corporation offered 84 Lumber Company up to $450,000 in conditional tax credits 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. The city of Franklin will consider additional incentives at the request of the Johnson County Development Corporation.
Project Announcements
Climeworks Plans Calcasieu Parish, Louisiana, Direct Air CO2 Capture Operations
11/08/2024
India-Based Granules Consumer Health Expands Prince William County, Virginia, Operations
11/08/2024
Taiwan-Based Sunlit Fluo & Chemical Establishes Phoenix, Arizona, Semiconductor Material Operations
11/07/2024
Ontic Plans Miramar, Florida, MRO Operations
11/07/2024
American International Group Plans Atlanta, Georgia, Innovation Hub
11/06/2024
TMC Transformers USA Expands Waynesboro, Georgia, Manufacturing Operations
11/06/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
The Role of Rail in Industrial Development
Q4 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
Hydrogen Industry in Canada: A Global Leader in the Clean Energy Revolution
Q3 2024
-
Exploring the Dynamic Landscape of Industrial Packaging Solutions
Q3 2024
-
Which AI Tools Work for Job Recruiters?
Q3 2024
-
Permitted Power Capacity Foreshadows Health of Regional Economies
Q3 2024