Aerodyn Engineering Plans $8.5 Million Expansion At Its Indianapolis, Indiana, Manufacturing Hub
The company will also purchase new equipment for the space in order to double its production capacity and create up to 15 new jobs by the end of 2018. Construction is expected to begin late this year. The company, which also operates a testing center in Whitestown, Indiana, currently employs 83 Hoosiers and will begin hiring for engineering and technical positions this fall.
“Aerodyn is very pleased to announce this major expansion to our manufacturing capabilities,” said David Lawrence, President of Aerodyn Engineering. “Indiana has been very supportive at the state and local level in helping us grow and we are excited to offer these new capabilities to our worldwide customers.”
The Indiana Economic Development Corporation offered Aerodyn Engineering, Inc. up to $115,000 in conditional tax credits and up to $25,000 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 Indianapolis will consider additional incentives at the request of Develop Indy, a business unit of the Indy Chamber.
Founded in Indianapolis in 2002, Aerodyn Engineering specializes in gas turbine instrumentation and field testing for the aviation and aerospace sectors. Its products, which include precision slip rings, instrumentation accessories and cooling systems, are used by customers like GE and Rolls-Royce across the world. The company also operates Aerodyn Limited in the United Kingdom.
Secretary of Commerce Victor Smith said, “With low taxes, low regulations and a highly-skilled workforce supported by top universities including Purdue and Notre Dame, companies like Aerodyn, GE Aviation, Raytheon and Alcoa can be assured that Indiana provides an ideal business climate for growth, allowing innovation to take flight.”
Mayor Greg Ballard said, "More and more companies are recognizing our city as an ideal place to launch a new business or grow an existing company, and that's due in large part to our talented workforce."
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