Poly-Wood Inc. Expands Its Syracuse, Indiana, Manufacturing Complex
The company plans to invest $23.275 million to construct and equip a new 230,000-square-foot manufacturing and warehousing facility at 813 W. Brooklyn Street in Syracuse, which currently houses two unused mobile home manufacturing buildings.
The new facility, which will complement the company’s existing operations in Syracuse, will allow Poly-Wood to meet growing customer demand for its all-weather furniture product lines. The expansion will also help streamline the shipping process with improved access for transportation at its production facilities. The company, which currently employs 260 associates in Indiana, expects to break ground on the new facility June 1.
“We are extremely excited for the expansion to begin this summer,” said Megan Pierson, Director of Sales and Marketing at Poly-Wood. “It will allow us to provide an even better experience for all of our customers and employees, which will help continue to strengthen the Poly-Wood brand.”
As an incentive, Indiana Economic Development Corporation offered Poly-Wood Inc. up to $1.8 million in conditional tax credits 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 town of Syracuse will consider additional incentives at the request of the Kosciusko Economic Development Corporation.
“As a homegrown Indiana company, Poly-Wood started as two Hoosiers with an idea,” said Governor Mike Pence. “Now, 25 years and 258 employees later, this company is proof that Indiana is a state that works for innovation. With a low-cost business environment and a highly-skilled workforce, entrepreneurs have the resources necessary to succeed.”
“We are ecstatic that Poly-Wood made the decision to expand in Syracuse,” said Henry DeJulia, Syracuse Town Manager. “We are committed to supporting businesses like Poly-Wood that invest in our community and create good jobs. Poly-Wood is a great example of Syracuse’s proud history of innovation and manufacturing.”
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