Indiana Coatings Inc. Plans Berne, Indiana, Manufacturing Center
The company, which is affiliated with a similar facility in Ontario, plans to invest up to $3.8 million to locate its new facility in the former Ficosa North America plant at 917 Liechty Road in Berne. With its Berne operations, Indiana Coatings hopes to become TS-16949 and ISO-9001 certified to meet its customers’ coating needs. Indiana Coatings plans to begin production in Berne in January.
The Indiana Economic Development Corporation offered Indiana Coatings Inc. up to $1-million 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. The city of Berne approved additional incentives at the request of the Adams County Economic Development Corporation.
“We are happy to have found Adams County and for the Berne community to become the home of our new business,” said Ashok Bhatt, treasurer of Indiana Coatings. “Our mission is to provide the best quality product at a fair price for our customers. The city of Berne, Mayor McKean, the Adams County Economic Development Corporation and the state of Indiana have given us the tools we need to fulfill this goal.”
“International businesses like Indiana Coatings choose Indiana because of our state’s logistical advantages, low cost of doing business and talented workforce,” said Victor Smith, Indiana Secretary of Commerce. “As Canadian companies continue to see the business advantage our state offers, Indiana Coatings continues the trend of international relocations to the Hoosier State in a time when Hoosier employment is at an all-time high.”
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?
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Infrastructure Investment as an Economic Stimulus Tool
The Next Recovery: Regional Leaders & Laggards