WGS Invests $6.76 Million In Troy, Indiana, Manufacturing Plant
The company, which established production operations in Tell City in 2010, will invest $6.76 million to establish its third production facility in Indiana. WGS will lease and equip 75,000 square feet at 741 McDaniel St. in Troy, which is a new commercial building currently under construction.
“The warm welcome and reception the WGS organization has received in Indiana, and specifically in Tell City and Troy, has been exceptional,” said William Goetz, President/CEO of WGS Global Services. “WGS is pleased to be a contributor to the Troy community and area businesses. Indiana is a great place to do business and to expand our operations.”
The new facility, which is less than 5 miles from its two production facilities in Tell City, will allow the company to increase its manufacturing and logistics services to customers in the automotive, defense and commercial manufacturing industries. WGS expects to begin renovating the space early next year. WGS, which currently employs more than 180 associates in Indiana, plans to begin hiring for manufacturing, distribution and inspection positions in December.
As an incentive, the Indiana Economic Development Corporation offered WGS Global Services LC (dba WGS) up to $400,000 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 town of Troy will consider additional incentives at the request of WGS with assistance and recommendation by the Perry County Development Corporation.
“Indiana’s economic climate was recently ranked first in the nation for small businesses, and WGS’s latest expansion is evidence of that,” said Governor Mike Pence. “As a state, we have worked diligently to support and encourage business growth by reducing burdensome regulations and cutting taxes for job creators. Companies like WGS have many options to consider for growing their operations, but they continue to choose Indiana because of the benefits of doing business in a state that works.”
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