Nello Corporation Relocates Operations Center to South Bend, Indiana
According to the Indiana Economic Development Corporation, the South Bend-headquartered company plans to invest millions of dollars to move its Texas operations to a 200,000 square-foot facility in South Bend, with the facility expected to be constructed by the early part of next year.
The relocation will also include the construction of an additional 250,000 square-foot facility in South Bend at the same location of the initial expansion, expected to be constructed in the next five years. Nello anticipates additional expansion of its corporate headquarters in downtown South Bend and expects the completion of the relocation to take place over the next year and a half.
Nello designs and manufactures galvanized steel towers and poles. One of the largest tower providers in the wireless communications industry, the company produces more than 1,000 structures annually, growing at a rate of 25 percent per year. Nello serves customers such as Verizon Wireless, T-Mobile and AT&T. Nello, which currently has two manufacturing facilities located in Bremen, Indiana, plans to begin hiring manufacturing, information technology, engineering and administrative positions next year.
“We are fortunate that our company has had and maintained rapid growth and expansion every year since our inception,” said Dan Ianello, President of Nello. “Our main goal was to locate and establish a permanent home for our company's continued expansion while simultaneously improving our ability to reach our customers in a timely fashion and deliver a superior product to our growing customer base.”
“Indiana’s private sector continues to stand head and shoulders above our neighbors, growing at twice the national rate while attracting businesses from across the United States,” said Governor Mike Pence. “Global companies like Nello recognize they have an abundance of location choices. Its decision to locate its Texas operations here is the latest proof that Indiana, with our central location coupled with a competitive tax environment and the best workforce in the nation, continues to be a state that works over the long haul.”
The Indiana Economic Development Corporation offered Nello Corporation, Inc. up to $2,900,000 in conditional tax credits and up to $75,000 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 South Bend will consider additional incentives.
"Nello's decision to consolidate operations in South Bend accelerates the city’s growth in advanced manufacturing," said South Bend Deputy Mayor Mark Neal. "As Nello's investment brings more good jobs to South Bend, the company will continue to fuel the momentum strengthening the city's economy."
How are Uncertain Times Altering Company Location Strategies?
Infrastructure Investment as an Economic Stimulus Tool
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row