Indiana's unemployment rate is at its lowest point since late …
Advertisement
Therma-Tru expansion to add jobs
Expansion of Howe facility possible by grant
Updated: Monday, 18 Jul 2011, 5:49 AM EDT
Published : Monday, 18 Jul 2011, 3:18 AM EDT
HOWE, Ind. (WANE) - The LaGrange County Economic Development Corporation (LCEDC) has awarded a grant to Therma-Tru Corporation allowing the company to expand and add 40 jobs to its Howe, Indiana facility.
The $40,000 grant will allow Therma-Tru to install some light manufacturing equipment and distribution capacity for the Fypon brand, a business segment of the company.
The Howe facility is fully operational as of 2010, and Therma-Tru has signed a long-term lease in the 347,000 sq. foot building. The current building employs about 60 people.
The LCEDC pledged the grant to help the company transition into LaGrange County. The money comes from the LaGrange County Investment Fund, the first use of the fund to attract large private companies to invest in the county.
In 2009, Therma-Tru's Butler plant expanded, adding 150 jobs over two years. Governor Mitch Daniels and the State of Indiana offered an incentive package, including up to $1 million in performance based tax credits.
Ground rules for posting comments: No profanity or personal attacks. No racially charged comments. If it's not something you would say to someone's face, it's most likely inappropriate. Please comment on the subject of the story itself. If you do not follow these rules, we will remove your post. Repeat offenders will be banned from making future comments. Keep it civil, folks! WANE is not responsible for the content posted in this comment section.
Email This
Print This
View Story on a Single PageAdvertisement
Advertisement
Advertisement
