Aluminum Means 100+ Jobs for Indiana
80/20 Inc.â€”a designer and producer of modular extruded aluminum framing for industrial and home-hobby applicationsâ€”plans to expand its operations in Columbia City, Indiana, about 125 miles northeast of Indianapolis. According to the Indiana Economic Development Corp. (IEDC), the company will spend upwards of $9.4 million to construct more than 90,000 square feet of additional manufacturing space. The expansion is expected to create up to 110 jobs by 2014.
The IEDC offered 80/20 Inc. up to $500,000 in performance-based tax credits and $200,000 in training grants based on the companyâ€™s job creation plans. In addition, the Whitley County Council will consider further property tax abatement at the request of the Whitley County Economic Development Corporation.
Founded in 1989, 80/20 Inc.â€™s modular aluminum framing components, known as â€śThe Industrial Erector Set,â€ť are configured for safety enclosures, workstations, CNC equipment and exhibits, among other uses. The company currently employs more than 250 associates in the city and already expanded manufacturing and distribution capabilities at the site in 2008 with a $5 million investment and 40 new jobs.
â€ś80/20 Inc. continues to prove that Indiana is a place where businesses can grow and prosper,â€ť said Governor Mitch Daniels. â€śWe look forward to this companyâ€™s next growth announcement as each one means more new opportunities for Northeast Indiana workers.â€ť
â€śGrowth in demand for modular framing products has allowed us to expand our operations from a 65,000 square-foot facility in 1996 to over 135,000 square feet now,â€ť said Don Wood, president and chief executive officer of 80/20 Inc. â€śWe are excited, with the help of the state, to be able to further expand our facility as we continue to enter new markets and enjoy great success.â€ť