Coram USA Invests $1.1 Million To Expand Fort Wayne, Indiana, Manufacturing Center
10/07/2013
The company, which is a subsidiary of the Italy-based Coram Group, will lease, renovate and equip a 20,000 square-foot facility in Fort Wayne. Coram USA plans to move its warehousing for the North American market from Italy to the new facility and begin production and distribution of steering columns this winter.
"Coram Group is a dynamic company that is present in different parts of the world, and we were very impressed by the skills of the people we initially met, and by the efficiency of the organizations deputed to attract investments in Fort Wayne," said Angelo Piantoni, President of Coram USA. "Here, we will produce high quality products for American vehicles, and we will bring here our experience, passion and know-how, to grow in the United States."
"When presented with so many options, international companies like Coram choose Indiana for its world-class business environment," said Victor Smith, Indiana Secretary of Commerce. "Indiana has the best manufacturing workforce in the nation. If you add this to our central U.S. location and pro-growth policies, it becomes clear why so many international companies recognize Indiana as a state that works."
The Indiana Economic Development Corporation offered Coram USA LLC up to $215,000 in conditional tax credits and up to $50,000 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. The city of Fort Wayne will consider additional tax abatement at the request of the Fort Wayne-Allen County Economic Development Alliance.
"The city is excited to have another international company choose Fort Wayne for its North American headquarters," said Fort Wayne Mayor Tom Henry. "We are excited to be able to provide a prosperous and thriving environment for Coram to continue to grow."
Project Announcements
Ferrero Expands Brantford, Ontario, Canada, Production Operations
04/19/2025
Switzerland-Based ABB Expands Senatobia, Mississippi, Production Operations
04/19/2025
Wow Bao Plans Forest City, North Carolina, Manufacturing Operations
04/19/2025
B-K Tool & Design Expands Putnam County, Ohio, Manufacturing Operations
04/19/2025
Lucid Group Plans Phoenix-Coolidge, Arizona, Manufacturing Operations
04/19/2025
Coast Expands Expands Salt Lake County, Utah, Operations
04/15/2025
Most Read
-
Run a Job Task Analysis
Q4 2024
-
The Location Economics of Advanced Nuclear
Q1 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
NEW NIMBYism: A Threat to The U.S. Economy
Q4 2024
-
Power, Policy, and Site Selection in 2025
Q1 2025
-
Designing Beyond the Assembly Line
Q1 2025
-
Why Workforce Readiness Can’t Wait
Q1 2025