GIM Establishes Scottsburg, Indiana, Operations
11/16/2022
The company will build a new manufacturing campus on West Weir Road. GIM will revitalize the former Tokusen USA facility, renovating and equipping the existing buildings and investing to expand the footprint of the campus. Construction is currently scheduled for January 2023.
“This is an important strategic investment for GIM Inc.,” said Chris Gibbs, president of GIM Inc. “We are launching entry into a market to meet the increased demand for environmentally sound, time-saving solutions for infrastructure in the United States and beyond. The state of Indiana, the city of Scottsburg and One Southern Indiana have been fantastic partners, working hard to make this process a smooth one as we are choosing southern Indiana for our manufacturing footprint.”
Based on the company’s job creation plans, the Indiana Economic Development Corporation committed an investment in GIM Inc. of up to $1.9 million in the form of incentive-based tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Scottsburg approved additional incentives.
"Indiana's manufacturing industry continues to lead, advancing new technologies and innovations, another example of Indiana’s strong advanced manufacturing leadership and supportive business climate," noted Indiana Secretary of Commerce Brad Chambers. "GIM Inc.'s SPS solutions offer a more sustainable solution for our world's building and infrastructure needs, ensuring that our future is safe and environmentally friendly. We look forward to welcoming the company to Indiana and our robust manufacturing sector."
Louisville, Kentucky-based GIM Inc. is a network partner of SPS Technology, manufacturing its load-bearing structural composite panel that offers a high strength-to-weight ratio and extended fatigue life, making it an ideal replacement for concrete in bridges, parking garages, stadiums and arenas, heavy duty and clean room floor panels, and special applications such as threat protection. The company’s product lines also include agricultural, commercial and industrial building steel frames and educational facilities.
Project Announcements
Camco Chemical Upgrades Florence, Kentucky, Manufacturing Operations
10/03/2024
Exxel Outdoors Relocates-Plans Tupelo, Mississippi, Warehouse-Distribution Operations
10/03/2024
Kairos Power Expands Albuquerque, New Mexico, Operations
10/01/2024
Babcock & Wilcox Plans Mason County, West Virginia, Operations
10/01/2024
HandCraft Services Plans Berkeley County, West Virginia, Production Operations
10/01/2024
Prime 6 Plans Buckhannon, West Virginia, Manufacturing Operations
09/30/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
What the Latest EPA PFAS Rule Means for Site Due Diligence
Q3 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
Semiconductors’ Fragile Relationship With Water May Be Tested
Q3 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The Challenge of Securing Sufficient Electrical Power for Battery Cell Plants
Q3 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023