IBJNews

Illinois manufacturer to move headquarters to Indiana

Back to TopCommentsE-mailPrintBookmark and Share

An Illinois-based manufacturer expects to move its headquarters a short drive to the east, settling across state lines in Munster with plans to hire more than 100 workers and invest $7 million in new equipment and building improvements.

Tec  Air Inc., a designer and manufacturer of fan components and systems, plans to transfer its current workforce of about 150 employees to its new headquarters at the Lake Business Center in Munster, according to state officials. It currently is located about 30 miles away in Willow Springs, Ill.

“We looked at multiple locations for our expansion and chose Indiana for several reasons,” said Bob McMurtry, president of Tec Air. “Outgrowing our current location and Indiana’s pro-business environment solidified our decision to not only expand into Indiana but to relocate our entire operation from Illinois.” 

The 48-year-old company plans to lease a 128,000-square-foot facility at the business center. In addition to investing about $7 million in new equipment and building improvements, it plans to bring about $8 million in assets from its Illinois facility.

Expected to be complete in the spring, the facility will house corporate offices, engineering labs, quality labs, manufacturing operations, and warehouse and distribution operations. Its new purchases will include injection molding and assembly equipment.

Tec Air expects to have as many as 258 employees by 2016. It plans to begin interviewing and hiring employees early next year.

The Indiana Economic Development Corp. has offered Tec Air up to $2.66 million in conditional tax credits and $190,000 in training grants, based on its capital investment plans. The tax credits are performance-based, meaning that Air Tec cannot claim them until investments are made in the state.

Munster officials offered additional incentives.

Founded in 1965, Tec Air designs and manufactures fans and blowers for automotive, industrial and residential HVAC original equipment manufacturers. Tec Air also specializes in fans and blowers for appliances, yard care, floor care, refrigeration and climate control industries.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. "bike lanes, specialized lighting, decorative signage, public art, grass medians, trees and rain gardens" These are all nice things to have, but can we freaking get the hundreds of potholes all over the city fixed first?!?!?!!?!?!

  2. When a criminal with multiple prior convictions serves five days of a one year sentence and later kills a police officer with a weapon illegally in his posession, residents of Boone County need to pay a tax to drive to work... PERFECT Progressive logic.. If, on the other hand, a fund were to be set up to build more prisons and hire more guards to keep the known criminals off the streets, I'd be the first to contribute.

  3. Not a word about how much the taxpayers will be ripped off on this deal. Crime spirals out of control and the the social problems that cause it go unheeded by an administration that does not give a rats behind about the welfare of our citizens. There is no money for police or plowing snow (remember last winter) or or or or, but spend on a sports complex, and the cash flows out of the taxpayers pockets. This city is SICK

  4. Sounds like a competitor just wanted to cause a problem. I would think as long as they are not "selling" the alcohol to the residents it is no different than if I serve wine to dinner guests. With all the violent crime happening I would think they should turn their attention to real criminals. Let these older residents enjoy what pleasures they can. Then again those boozed up residents may pose a danger to society.

  5. Where did the money go from the 2007 Income tax increase for public safety that the Mayor used to stir opposition and win the election and then failed to repeal (although he promised he would when he was running for election)? Where did the money go from the water utility sale? Where did the money go from the parking meter deal? Why does the money have all these funds for TIF deals and redevelopment of Mass avenue, and subsidy for luxury high rises, parking garages in Broad Ripple, and granola chain grocery stores but can not find the money to take care of public safety. Commuters shouldn't have to pay the tax of failed leadership in Marion County by leaders that commuters have no say in electing. Taxation without representation.

ADVERTISEMENT