LureCraft Fisherman’s Shop Expands Its Orland, Indiana, Fishing Lure Manufacturing Plant
10/08/2014
The homegrown-Hoosier company will invest $408,000 to purchase, renovate and equip a 22,000 square foot facility in Orland, which will increase its operations by more than 15,000 square feet from its current facility. The new location, which will be operational by December, will allow the company to grow its fishing lure production, expand its warehouse and ship its products around the world.
“When looking across the Midwest for the ideal facility, we kept coming back to Indiana,” said Kim Straley, Owner/President of LureCraft. “We found the ideal location in Orland, and when paired with the Hoosier workforce available here, Indiana stood out as the perfect location.” LureCraft is already hiring for manufacturing positions and plans to hire additional assembly, packing and managerial associates in the coming months.
The Indiana Economic Development Corporation offered LureCraft Fisherman’s Shop, Inc. up to $350,000 in conditional tax credits and up to $100,000 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. Steuben County will consider additional incentives at the request of the Steuben County Economic Development Corporation.
“LureCraft noticed a need in the market and met it, helping fishermen build their own lures,” said Eric Doden, President of the Indiana Economic Development Corporation. “After establishing itself, it sought growth opportunities and found them. These are hallmarks of Hoosier innovation and ingenuity. We are happy that after its initial Indiana success, they are adding new jobs and keeping their growth here at home.”
"LureCraft has an excellent opportunity through their new partnership with Wicked Tuna and the National Geographic channel,” said Rick Shipe, President of the Steuben County Council. “We are happy to assist the company and wish them great success.” LureCraft has been awarded a contract for the Wicked Glow Lures line of fishing lures featured in the National Geographic reality television series Wicked Tuna.
Project Announcements
Walmart Plans Upgrades Cullman, Alabama, Regional Distribution Hub
06/08/2023
Silver Branch Brewing Establishes Fauquier County, Virginia, Operations
06/08/2023
Protego (USA) Expands North Charleston, South Carolina, Operations
06/08/2023
South Korea-Based INFAC North America Expands Campbellsville, Kentucky, Operations
06/08/2023
Applied Physics Technologies Expands McMinnville, Oregon, Operations
06/02/2023
Bosch Expands Lincolnton, North Carolina, Operations
06/02/2023
Most Read
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Is a Flurry of Fads Shaping Economic Development Policy?
Q2 2023
-
EV and Semiconductor Projects Stand Out in States Receiving Area Development’s 18th Annual Shovel Awards
Q2 2023
-
Life Science Conversions in Real Estate
Q2 2023
-
Front Line: Water Supply Increasingly Affecting Location Decisions
Q2 2023
-
Nearshoring — North America’s Next Factory
Q2 2023
-
First Person: Labor Crunch in the Construction Industry
Q2 2023