Hoist Liftruck Mfg. To Establish Manufacturing Center In East Chicago, Indiana
08/13/2015
The company will purchase, renovate and equip an approximately 550,000-square-foot building at 4407 Railroad Ave. in East Chicago, expanding a majority of the company’s operations from Bedford Park, Illinois. Originally designed for Blaw-Knox to manufacture tanks for the U.S. Army, the facility has remained largely vacant for the last 10 years. The new site will allow the company to expand its production of heavy-duty forklifts to accommodate a significant increase of new unit orders resulting from several strategic contracts awarded to Hoist Liftruck.
According to the Indiana Economic Development Corporation the company, which currently employs more than 300 associates, expects to close on the property late this summer. The expansion will create hundreds of new jobs in Indiana this year with additional jobs in the coming years.
“Our East Chicago expansion represents a significant investment in Hoist Liftruck in order for us to meet our growing demand,” said Marty Flaska, President/CEO of Hoist Liftruck. “We are excited to partner with East Chicago and the state of Indiana on this project that will be integral to our growth.”
The Indiana Economic Development Corporation offered Hoist Liftrucks Mfg. Inc. up to $8.25 million in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning the company is not eligible to claim incentives until jobs are created. The city of East Chicago has approved additional incentives at the request of the Lake County Indiana Economic Alliance. The Northwest Indiana Regional Development Authority and NIPSCO also approved additional incentives.
“Comparing business climates from around the Midwest to Indiana, the Hoosier advantage is clear,” said Governor Mike Pence. “Our low taxes, affordable cost of doing business and skilled Hoosier workforce are key factors in helping companies grow. Today, Indiana’s unemployment rate is the lowest among our neighboring states because businesses like Hoist Liftruck are looking at the numbers and choosing to expand to the vibrant communities in our state.”
Project Announcements
Little Leaf Farms Plans Coffee County, Tennessee, Production Operations
07/02/2025
White Rock Truss & Components Expands Lee County, Virginia, Operations
07/02/2025
Fox Tank Company Plans Coshocton, Ohio, Operations
07/02/2025
Ascentek Expands Shreveport, Louisiana, Operations
07/02/2025
ProBio Establishes Hopewell, New Jersey, Gene Therapy Operations
07/02/2025
22nd Century Technologies Expands Fairfax County, Virginia, Headquarters Operations
07/02/2025
Most Read
-
20th Annual Area Development Gold and Silver Shovel Awards
Q2 2025
-
First Person: Joe Capes, CEO, LiquidStack
Q2 2025
-
The Legal Limits of DEI in Incentives Agreements, Hiring, and Contracting
Q2 2025
-
From Silicon to Server: Mapping the Data Center Supply Chain
Q2 2025
-
39th Annual Corporate & 21st Annual Consultants Surveys: What Business Leaders and Consultants Are Saying About Site Selection
Q1 2025
-
Rethinking Life Sciences Site Selection in a Resilient and Dynamic Market
Q2 2025
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024