JM CNC LLC Plans $4.5 Million Expansion At Its Rushville, Indiana, Manufacturing Center
The homegrown Hoosier company will invest $4.5 million to add 40,000 square feet to its Rushville location. The renovation will provide additional space for 20 new CNC machines, employees and production output. Formerly known as JM Manufacturing, the company changed its name to JM CNC on August 1 to reflect its new owner, Columbia City, Indiana-based Impact CNC.
JM CNC, which currently has 38 full-time employees in Indiana, plans to begin hiring for CNC operations, set-up, assembly, quality assurance and shipping and receiving positions immediately. Interested applicants may apply in person at 167 E. 200 N. in Rushville.
“Indiana is such a business-friendly state that has so many resources to support business growth,” said Jerry Busche, CEO of Impact CNC. “Other states talk about the Midwestern work ethic, but I believe that the Hoosier work ethic and family values far surpass those in any of our neighboring states, making Indiana a great place to live and work.”
JM CNC will act as a wholly-owned subsidiary of Impact CNC, its new parent company. Impact CNC currently supplies CNC work to the automotive, heavy truck, off-highway and oil industries. Last year, Impact CNC was recognized as a 2014 Company to Watch and received the Outstanding Supplier Support Award from Toyota.
The Indiana Economic Development Corporation offered JM CNC up to $400,000 in conditional tax credits 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. Rush County will consider additional incentives at the request of the Rush County Economic & Community Development Corporation.
“Indiana’s robust manufacturing sector is one of the key drivers of our economy,” said Victor Smith, Indiana Secretary of Commerce. “Manufacturing has succeeded in the Hoosier State because businesses like JM CNC continue to grow and flourish in our low-regulation, low-cost environment. We are thrilled to hear that yet another homegrown company is continuing its growth in Indiana and more than doubling its Hoosier workforce.”
Vigilent Labs Plans $104.6 Million Headquarters & Operations Campus in North Charleston, South Carolina
Glock Manufacturer GS Performance Relocates Headquarters & Operations to Nashville, Tennessee
The New Normal in the Automotive Supply Chain
2020 Auto/Aero Site Guide
Why are Foreign Trade Zones Making a Comeback?
34th Annual Corporate Survey & the 16th Annual Consultants Survey
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Infrastructure Investment as an Economic Stimulus Tool
The Next Recovery: Regional Leaders & Laggards