Stanley Black & Decker, Inc. Invests $7.69 Million To Expand Greenfield, Indiana, Manufacturing Center
Stanley Black & Decker currently produces flooring staples, industrial staples, BOSTITCH pneumatic industrial tools and DEWALT and BOSTITCH coil nailers, among other products, at its Greenfield facility. The company also operates six additional facilities in Indiana, including the headquarters of Stanley Security Solutions in Indianapolis.
“We are excited about the investment in our Greenfield manufacturing operations and look forward to having a positive impact on the local economy,” said Nick DeSimone, Vice President of Operations for DEWALT. “By basing these operations in Indiana, we will not only optimize our existing manufacturing footprint, but also enhance our capabilities to deliver core DEWALT products with greater efficiency to our customers and end-users in the United States.”
With its growth, the company plans to begin producing DEWALT corded power tools in Indiana, including reciprocating saws, screw guns, hammer drills, one-half inch drills and small angle grinders. When fully operational, Stanley Black & Decker plans to produce 1.2 million power tools annually at its Greenfield facility.
The Indiana Economic Development Corporation offered Stanley Black & Decker, Inc. up to $625,000 in conditional tax credits and up to $200,000 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 Greenfield will consider additional incentives at the request of the Hancock County Economic Development Council.
“As a company with a long history in our state, Stanley Black & Decker has once again selected Indiana for investment and job growth,” said Governor Mike Pence. “Just as Stanley Black & Decker manufactures tools for builders everywhere, Indiana is proud to offer companies the resources they need to grow. From our affordable cost of doing business to our experienced and skilled workforce, Indiana equips companies like Stanley Black & Decker with a business climate for success.”
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