Excellon Technologies Invests $2.135 Million To Expand Operations In Fort Wayne, Indiana
The company will invest $2.135 million to purchase new equipment and to upgrade its existing 27,000-square-foot manufacturing facility at 1105 Sherman Blvd. in order to produce the CapeAble product line.
Created by two Hoosier mothers and refined through joint research with Excellon, the line includes more than 18 items that create deep pressure on muscles, joints, tendons and ligaments through CapeAble’s medical patent-pending quilted squares. The effects of these products are currently being studied at Baptist Memorial Hospital in Jacksonville, Florida.
“CapeAble Sensory Products is one of two diversifications from Excellon that will strengthen the future of our company,” said Troy Schweitzer, General Manager’s understudy at Excellon. “The expansion will ensure longevity for our associates and continued job creation in our Fort Wayne community.”
“It is our sincere desire that our weighted products will lighten your load,” said Marna Pacheco, who created the CapeAble weight products with fellow Hoosiers Susan Hickok in response to challenges faced by their children. “We want everyone to feel CapeAble.”
As an incentive, Indiana Economic Development Corporation offered Excellon Technologies up to $925,000 in conditional tax credits and up to $50,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Fort Wayne and Northeast Indiana Works will consider additional incentives at the request of Greater Fort Wayne Inc.
“Indiana continues to establish itself as the best place for business and job creation,” said Governor Mike Pence. “With the work of Excellon and innovators across the state, more Hoosiers are working now than ever before. By cutting costs and red tape while investing in our workforce and talent attraction, companies like Excellon that get their start in Indiana are able to grow, add jobs and thrive right here at home.”
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