CTDI Plans $19 Million Capital Investment In Jeffersonville, Indiana

Communications Test Design, Inc.'s Jeffersonville, IN expansion will create 1,000 jobs over the next five years.


https://businessfacilities.com/2021/09/ctdi-plans-19-million-capital-investment-in-indiana/
Communications Test Design, Inc.'s Jeffersonville, IN expansion will create 1,000 jobs over the next five years.
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CTDI Plans $19 Million Capital Investment In Indiana

The communications and engineering firm's expansion will create 1,000 jobs over the next five years.

CTDI Plans $19 Million Capital Investment In Jeffersonville, Indiana

Communications Test Design, Inc. (CTDI) will invest $19.7 million to open a new location in Jeffersonville, IN. A leader in the rapidly growing communications, mobility, and consumer devices service industries, CTDI’s investment will include $4.6 million for building improvements and $15.1 million for new machinery and equipment. The space will provide 702,800 square feet to accommodate the company’s rapid growth, and will result in the addition of up to 1,000 full time employees over five years.

“We’re very excited to establish a presence in southern Indiana,” said Toby Booker, General Manager of Real Estate for CTDI. “This new facility in River Ridge Commerce Center will provide the additional capacity to meet our increased demand. The State of Indiana, the City of Jeffersonville, River Ridge and One Southern Indiana have all collaborated to create an environment that is very conducive to business.”

“We look forward to building our workforce with steady, good paying positions,” Booker added, “and invite all interested applicants to visit our website to learn more.”

CTDI
Photo: CTDI

CTDI is a full-service global engineering, repair and logistics company providing best-cost solutions to the rapidly growing communications, mobility, and consumer devices service industries. The company specializes in forward and reverse logistics, bolstered by industry leading testing technology and repair/refurbishment services, with a commitment to providing quality services and offering excellent career opportunities.

CTDI’s customers include the major telecom carriers, cable service providers and major OEM’s from around the world. The company is headquartered in West Chester, PA, and supports an expanding customer base with more than 19,000 employees in 100 facilities worldwide.

“It’s an exciting day for Indiana as CTDI commits to growing here and providing up to 1,000 jobs,” said Jim Staton, SVP and Chief Business Development Officer for the Indiana Economic Development Corporation (IEDC). “We look forward to continuing to build with CTDI and their partners in the future, and are confident our high-quality workforce will ensure their success here for years to come.”

Based on the company’s job creation plans, the IEDC committed an investment into CTDI’s project of up to $11.8 million in the form of incentive-based tax credits. These tax credits are performance-based, so the company is eligible to claim incentives once eligible employees are hired.

“We’re very excited that CTDI chose River Ridge for their facility,” said Jerry Acy, Executive Director of the River Ridge Development Authority. “Their investment here marks a commitment to the region and its workforce, and another milestone in the continued success of River Ridge and southern Indiana.”

The company will be realizing tax benefits through River Ridge’s Urban Enterprise Zone (UEZ). By locating within the UEZ, the company will be allowed to phase in its property taxes over time.

“CTDI is a wonderful addition to the dynamic roster of companies at River Ridge,” said Jeffersonville Mayor Mike Moore. “This announcement is exciting news for Jeffersonville and our local workforce, and demonstrates CTDI’s commitment to the city and the region. I look forward to many years of continued success and growth for our friends at CTDI.”

“With existing operations in South Bend, CTDI already understands the benefits of a Hoosier workforce,” said Wendy Dant Chesser, President and CEO of One Southern Indiana. “Their decision to locate a facility here in southern Indiana is a huge vote of confidence for the region. CTDI’s commitment to global innovation, service excellence and outstanding career opportunities makes them a valued addition to the vibrant array of industries in this area.”

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