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Greensburg factory to invest $28M, add 250 workers

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Global auto parts maker Valeo is planning to add about 250 jobs at its Greensburg factory by the end of next year.

City officials in Greensburg say the additional jobs will be added as $27.8 million is spent on new equipment for the 400,000-square-foot Valeo Engine Cooling factory to start new product lines for Honda, Nissan, Chrysler and Ford.

Mayor Gary Herbert told the Greensburg Daily News he supported a longer-than-usual six-year property tax abatement on Valeo's new equipment because of the investment's size and number of new jobs expected.

The French company now has about 675 workers at the Greensburg plant. That's up from about 400 employees in January 2013 when the company announced another expansion for the factory about 40 miles southeast of Indianapolis.

Valeo also is working with state economic development officials for incentives on the project, according to the Greensburg Decatur County Economic Development Corp.

Valeo has 124 plants, 16 research centers, 35 development centers, 12 distribution platforms and employs 74,800 people in 29 countries worldwide.

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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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