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German companies pledge to create Indiana jobs

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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.

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  • Ca Ching
    And the big companies reap in the tax dollars as they create low paying jobs (or none at all)
  • 100 Promised Jobs Is a Pittance
    Three news conferences to announce 100 promised jobs (emphasis on promised). Seriously? Lowes and Home Depot have probably hired that many people and more this month and I did not hear any news conferences.
  • Technology Use?
    Utilizing Video-Teleconferencing would send a strong message to high school and college age voters that the Governor of Indiana understands the use of the same technology students already understand might go a long way to prove to the future voters of Indiana that our government leaders know how to save money by controlling travel costs and the time away from the job the governor was elected to do here at home. Frankly, three companies pledging to create 100 jobs seems like a very expensive trip, that will more than likely include a few vacation days in Germany.
  • Wow
    Wow! Gov Pence 100 jobs. Betcha could have done that with a phone call.

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

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