Australian-firm Auger Torque USA Plans First U.S. Facility in Huntington, Indiana
The company will invest $552,966 to lease and equip a facility at 100 Commerce Drive in Huntington. The 30,000 square-foot building, which is expected to be operational by October, will allow the company to expand its market for trenching attachments and earth augers within the United States. Auger Torque has already begun hiring welders, office personnel and sales associates.
"Indiana's favorable regulatory environment with its right-to-work law and its skilled manufacturing workforce made the state stand out as the perfect place for us to establish our first U.S. facility," said Todd Miller, president of Auger Torque USA. "We're looking forward to starting our operations in Huntington and growing our business here in the future."
"With our low tax rates, pro-growth policies and outstanding location, Indiana is one of the best places in the country to build a business," said Victor Smith, Indiana Secretary of Commerce. "In Indiana, companies can focus on what's important--running their business--not navigating around government regulations and red tape."
As an incentive, Indiana Economic Development Corporation offered Auger Torque USA up to $100,000 in conditional tax credits and up to $50,000 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. In addition, the city of Huntington approved additional incentives at the request of Huntington County Economic Development.
"The city of Huntington is thrilled to welcome the globally-based Auger Torque to our community," said Huntington Mayor Brooks Fetters. "It is especially exciting to be home to its first facility in North America. Congratulations to Auger Torque and our economic development team for making this opportunity become a reality. Our city is here as your new friend and ally and we are delighted that you can make profit based in our community. Welcome to Huntington, Indiana, USA."
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