PendaForm To Expand Its Bluffton, Indiana, Manufacturing Facility
02/19/2014
Wells County was chosen because of an ability to expand the building at its new location as part of its multi-million dollar investment, the area’s positive business climate and hard-working labor force, Jack Slinger, PendaForm President/CEO said.
According to Tim Ehlerding, Wells County Economic Development Director, said the region competed with several locations to attract the firm, as part of a team effort between the City of Bluffton, the State of Indiana, and Wells County Economic Development.
As an incentive Indiana Economic Development Corporation offered PendaForm up to $160,000 in conditional tax credits and up to $35,000 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. In addition, the City of Bluffton rounded out the incentives through tax abatements, utility upgrades, and street improvements.
"Indiana is a manufacturing leader, with the skilled workforce, limited regulations and low-tax business environment companies need to succeed," said Eric Doden, President of the Indiana Economic Development Corporation. "We remain committed to promoting Indiana's continued growth as a state that works, helping companies discover what they're seeking to grow and create more Hoosier jobs."
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