Ohio Rod Products Investing More Than $3M in Versailles, Indiana
09/09/2010
"Our traditional markets have matured, and we need to expand our manufacturing capabilities in order to realize the growth potential that exists in other fastener-related markets. Our location in southeastern Indiana continues to be beneficial to us by providing a reliable employee base, as well as proximity to our anticipated new business opportunities," said Jeff Liter, president of Ohio Rod Products.
The Indiana Economic Development Corporation has offered Ohio Rod Products up to $160,000 in performance-based tax credits, and up to $50,000 in employee training grants. The town of Versailles will consider additional property tax abatement at the request of the Ripley County Economic Development Corporation. The company will also receive a $500,000 grant from the city of Lawrenceburg's Regional Economic Development Grant program.
Most Read
-
-
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row
Q3 2019
-
Hot Jobs: Growing Industrial Sectors
Q4 2019
-
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
-
Where to Invest in the Booming Aerospace Manufacturing Industry
2019 Auto/Aero Site Guide
-
Hiring Challenges Continue Throughout the U.S.
Q4 2019
-
Tips for Navigating Incentives in Site Selection Process
Q1 2020