Crown Equipment Corporation Adds Second Manufacturing Plant In Greencastle, Indiana
The Ohio-based company will lease and equip a facility at 2301 State Route 240 in Greencastle, which is located across the street from its current manufacturing plant. The new facility, where it plans to create up to 100 jobs by 2021, is scheduled to begin operations later this year in Putnam County.
“We’re pleased to announce Crown Equipment’s continued investment in the manufacturing base already established in the Greencastle area,” said Randy Niekamp, Vice President of Human Resources for Crown Equipment. “The dedication and productivity of the local workforce is key to helping expand our production capacity and continue to fuel our global growth.”
As an incentive, the Indiana Economic Development Corporation offered Crown Equipment Company up to $650,000 in conditional tax credits and up to $150,000 in training grants based on the company’s job creation plans. These incentives are performance based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.
In addition, the city of Greencastle, at the request of the Greencastle/Putnam County Development Center, will consider the company’s request for local property tax abatement/phase-in this evening.
“With the nation’s highest concentration of manufacturing jobs, Indiana has the workforce and business climate that companies like Crown Equipment need to be successful,” Governor Eric J. Holcomb said. “Likewise, our state benefits when businesses locate and grow here. They become important regional economic engines that are tightly woven into the fabric of our Hoosier communities.”
In 2011, Crown Equipment announced plans to add 143 new jobs at its existing Greencastle plant and to open a new facility in New Castle, where it planned to create an additional 150 new full-time jobs. The company exceeded both hiring goals, and now employs more than 850 full-time employees at its two Indiana facilities and 14,000 employees worldwide.
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