Economic Development Agencies and Indiana Economic Development Corp. and Elected Officials and Economic Development Incentives and State Government and Job Creation and Trade Mission and Trade missions and Mike Pence and Government & Economic Development and Government and Economic Development and International Business

German companies pledge to create Indiana jobs

April 18, 2014

Coinciding with Gov. Mike Pence’s economic development trip to Germany this week, three German companies have pledged to create more than 100 jobs in Indiana.

Pence and his five-person delegation, which included First Lady Karen Pence and Commerce Secretary Victor Smith, were expected to arrive back from the weeklong trip Friday. The cost of the trip was covered through private donations to the Indiana Economic Development Foundation.

“When selecting a location for growth, company executives often narrow down their choices based on what they know, so trips like this are designed to make sure they know Indiana,” Pence said in a prepared statement. “By meeting with key decision makers at German businesses and telling Indiana’s story of a state that works, we keep Indiana top of mind and help Hoosiers find their way to the front of the line when U.S. job creation is considered.”

On Tuesday, Gelsenkirchen-based industrial hose maker Norres said it would spend nearly $1.9 million to acquire and renovate a 30,000-square-foot building in South Bend, creating as many as 32 jobs by 2018.

The facility would be the first in North America for the 125-year-old company.

The Indiana Economic Development Corp. offered Norres up to $465,000 in conditional tax credits based on the job-creation plans.

On Wednesday, Hanover-based Jager Group said it would expand operations at its Jaeger-Unitek Sealing Solutions subsidiary in LaPorte, adding 52 jobs by 2016.

The company, which employs 76 in Indiana, said it would invest $4.5 million to expand its 137,000-square-foot facility by 50,000 square feet.

The Indiana Economic Development Corp. offered Jaeger-Unitek up to $500,000 in conditional tax credits.

On Thursday, Berlin-based DOT GmbH, which makes medical coatings for dental and orthopedic products, said it is spending $4.5 million to lease a 17,500-square-foot facility in Columbia City, creating 20 engineer and technician jobs by 2016.

The facility, which opened in November, is DOT’s first outside of Germany.

The IEDC offered DOT America, Inc. up to $50,000 in conditional training grants.

According to the IEDC, about 110 Germany-based companies with more than 12,000 employees operate in Indiana.

ADVERTISEMENT

Recent Articles by Jeff Newman

Comments powered by Disqus