Dyke Industries Establishes West Harrison, Indiana, Operations
The company will invest roughly $12.8 million to establish its distribution operations at 1360 Harrison Brookville Road, equipping the 150,000-square-foot facility with state-of-the-art, high-speed interior and exterior door lines as well as other technologically specialized equipment designed to quickly produce high-quality millwork products at expanded volumes.
"Indiana was a strategic decision made based on multiple factors including tax incentives, available land and labor pool coupled with the ability for future expansion into markets we do not currently serve today,” said Pat Doyle, general manager for Dyke Industries Inc.'s regional location.
The IEDC offered Dyke Industries Inc. up to $400,000 in conditional tax credits based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. Dearborn County has agreed to provide additional incentives in welcoming this first development at the West Harrison Business Park.
“With our state's pro-growth business climate, and the most concentrated manufacturing workforce in the nation, Indiana is the perfect place for companies like Dyke Industries to scale operations," said Jim Staton, SVP and chief business development officer for the Indiana Economic Development Corporation (IEDC). "We're excited to see the company building a foundation for success in Dearborn County and look forward to supporting them as they grow and thrive in the Hoosier state."
The new distribution facility will enable the company to better serve its customer base and will allow for future territorial expansion throughout the Midwest to include Indiana, Illinois, Michigan and Wisconsin. The West Harrison location, which will be the company's first in Indiana, is expected to be fully operational by the second quarter of 2022.
"Dearborn County welcomes Dyke Industries to Indiana," said Jim Thatcher, president of the Dearborn County Board of Commissioners. "Their investment represents some of the first fruits of our county’s investment in the West Harrison Business Park along I-74. Many people have contributed in preparing West Harrison for economic development projects like Dyke Industries, and because of that work, we can now welcome this amazing company.”
Dyke Industries Inc. a privately held company since its founding in 1866, is the corporate successor to two millwork manufacturing companies: Dyke Bros., established in Fort Smith, Arkansas, in 1870 and Cole Manufacturing Company, established in Memphis, Tennessee, in 1866. The company in its present form was incorporated in 1942 and includes 15 distribution outlets, providing 18 states with a broad line of residential and commercial building materials including interior and exterior doors, millwork and windows.
The 2021 Top States for Doing Business Reflect Their Locational Advantages
Area Development’s 17th Annual Shovel Awards Recognize State and Local Economic Development Efforts — First Two Platinum Shovels Awarded
In Focus: “Golden Age” of Spec Development
In Focus: Demand for Industrial Land Surges
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Using Robust Project Controls to Enhance Project Management
Explosive Growth of Life Sciences Sector Comes with Challenges