Fisher Dynamics Invests $13 Million To Establish Evansville, Indiana, Manufacturing Campus
The St. Clair Shores, Michigan-headquartered company, a division of Fisher & Co., will invest $13 million to lease, renovate and equip a 113,000 square-foot manufacturing facility at 2301 St. George Road in Evansville. With renovations slated to begin this December, Fisher Dynamics anticipates operations to begin May of 2015, allowing the company to expand its manufacturing and assembling production for front row seat structures.
“Fisher Dynamics is excited to announce the addition of a manufacturing plant in Evansville, Indiana,” said John Hrit, Vice President of Global Operations of Fisher Dynamics. “The location of Evansville allows us to service our central U.S. customers. We look forward to working with the community of Evansville. The city has provided great support in the search for our new location.” Fisher Dynamics, which currently has 660 full-time employees across the country and 1,700 around the globe, plans to begin hiring technical and production employees in January 2015.
The Indiana Economic Development Corporation offered Fisher & Company up to $1,250,000 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. The city of Evansville will consider additional tax incentives as the request of the Growth Alliance for Greater Evansville.
“In Indiana, we know what it takes to help companies like Fisher Dynamics succeed,” said Governor Mike Pence. “From our pro-business environment to our hard-working Hoosier workforce, Indiana’s economy is on the move and our reputation continues to resonate across the nation and world as a state that works.”
“Fisher Dynamics considered several sites before selecting Evansville as the best place to make a multi-million investment to grow the company for future success,” said Evansville Mayor Lloyd Winnecke. “The company will be hiring more than 160 employees over the next two years, with an economic impact of nearly $22 million a year. These are good paying jobs offering good benefits that will boost our economy and help the Tri-State region thrive.”
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