Adranos Plans West Lafayette, Indiana, Manufacturing Campus
Adranos will construct its 5,500-square-foot facility at 3701 Yeager Road, where ALITEC will be manufactured to support various launch systems, including hypersonic systems. The company expects to serve a broad customer base, including the major military branches and relevant aerospace and defense contractors. The facility will also support ongoing efforts that Adranos is currently performing through its rocket motor research and development division.
“ALITEC’s performance benefits make it an ideal solution for any solid rocket system that is seeking to extend range, increase payload capacity, or reduce rocket form factor,” said Chris Stoker, CEO of Adranos. “This facility will enable us to scale these solutions to the large volumes that will be required by our customers.”
The Indiana Economic Development Corporation offered Adranos up to $525,000 in conditional tax credits and up to $200,000 in conditional training grants based on the company’s job creation plans. The IEDC also offered up to $500,000 in conditional tax credits from the Hoosier Business Investment (HBI) tax credit program based on the company’s planned capital investment in Indiana. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired and investments are made.
Adranos has leveraged startup and expansion resources from the state and the Purdue Research Foundation. The company has also received assistance from the Indiana Procurement Technical Assistance Center, which is committed to helping Indiana companies compete for and win government contracts, and has been awarded $75,000 in Small Business Innovation Research matching grants from Elevate Ventures, and received $20,000 in funding through the Elevate Purdue Foundry Fund. The company’s technology is licensed and patented through the Purdue Research Foundation Office of Technology Commercialization.
“Indiana is committed to embracing disruptive technology like Adranos’s ALITEC to bolster its economic industries and position the state for long-term global competitiveness and economic growth in the defense sector,” said Retired Major General Omer C. (Clif) Tooley, IEDC president of defense development. "Indiana is ranked No. 1 in the nation in tech job growth among small firms, and as a state, we'll continue supporting innovative companies like Adranos and securing our spot as a top place to grow and innovate."
Adranos’s growth plans come on the heels of significant momentum and capital infusion. The company was recently awarded more than $3.2 million in government contracts, was named to Pepperdine University’s Most Fundable Companies list, and was awarded the grand prize at the Army’s inaugural xTechSearch competition.
Greenidge Generation Holdings Plans Spartanburg, South Carolina, Cryptocurrency Datacenter
Investor Cash Management Plans Wilmington, Delaware, Headquarters-Customer Service Center
The “Great Resignation” Is Impacting Corporate Relocations
Workforce Q4 2021
Innovation Corridors Have Economic Assets Driving Business Growth
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Workforce Development Programs Are in Overdrive
Workforce Q4 2021
35th Annual Corporate Survey: Effects of Global Pandemic Reflected in Executives’ Site and Facility Plans
17th Annual Consultants Survey: Consultants Are Optimistic About the Year Ahead