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Area Development - Site Selection, Facility Planning and Workforce Development

Busche Enterprises plans $17.4 Million Expansion, Raising Its Indiana Workforce to 670

03/26/2012
Busche Enterprise Division, Inc., a manufacturer of production machining for the durable goods industry, will invest $17.4 million to purchase,equip and expand a manufacturing plant, located one mile west of its main headquarters in Albion, Indiana. The additional facility will enable Busche to create up to 120 new jobs and raise its total workforce to 670 Hoosiers.

Known for its machining and assembly of complex castings and forgings for the durable goods and automotive industries, Busche will expand a 36,000-square-foot building in northeastern Indiana to 60,000-square-feet.

"Creating a climate that allows successful, growing manufacturing companies like Busche expand in Indiana is our number one priority," said Gov. Mitch Daniels. "We have worked hard to make Indiana the most attractive state for business in the country. Busche will benefit from our strong infrastructure, skilled workforce and business-friendly policies."

"The state of Indiana and the local economic development folks have shown a willingness to do what is necessary to attract businesses to our state," said Nick A. Busche, chief executive officer and president of Busche. "The recent passage of the right-to-work law was just another example of the strong commitment by this state to promote growth and job creation. Indiana offers an enthusiastic business climate and a great workforce. We believe manufacturers in Indiana can rely on Governor Daniels and his staff to support our efforts and investments."

The Indiana Economic Development Corporation offered Busche Enterprise Division, Inc. up to $600,000 in conditional tax credits and up to $150,000 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. Noble County will consider additional property tax abatement at the request of the Noble County Economic Development Corporation.

"On behalf of the town of Albion, I would like to congratulate Busche on their expansion," said Beth Shellman, Albion Town Manager. "The Albion Town Council wishes Busche continued success in their future endeavors."

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