Ford Meter Box Company Expands Wabash, Indiana, Operations
The new 300,000-square-foot facility, located adjacent to the company’s current operations, will increase the production of brass products while allowing room for future production lines. Construction is scheduled to begin later this year.
“This is the largest expansion in the company’s history,” said Steve Ford, president of Ford Meter Box. “The new facility will complement existing manufacturing operations at the firm’s Manchester Avenue location in Wabash. Parts of our present foundry will remain in production, and parts will be repurposed to better utilize space.”
Based on the company’s job creation plans, the Indiana Economic Development Corporation (IEDC) committed an investment in Ford Meter Box of up to $1.2 million in the form of incentive-based tax credits and up to $200,000 in training grants. The IEDC also committed an investment of up to $350,000 in Hoosier Business Investment tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired and investments are made. The city of Wabash offered additional incentives, and Duke Energy approved incentives to offset a portion of the energy costs.
“Across Indiana, entrepreneurs like Edwin Ford have created a significant and lasting impact on the state’s economy and communities – more evidence of the importance of entrepreneurship and its lasting impact on Indiana’s economy,” noted Indiana Secretary of Commerce Brad Chambers.
The Ford Meter Box Company is a manufacturer of products for the waterworks industry. The company’s products include water meter setting and testing equipment, valves, couplings, meter boxes, and other fittings.
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