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Jasper engine firm to hire 235 for new plant

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A Jasper-based firm that remanufactures engines plans to invest $6.9 million in a facility for its transmission division, hiring 235 workers by 2017.

Jasper Engine & Transmission Exchange expects to buy, renovate and equip a 220,000-square-foot plant near its 367,000-square-foot headquarters in the Indiana city about 120 miles southwest of Indianapolis, the firm announced Wednesday.

The additional facility will house the company’s transmission division and is expected to be operational this fall. The firm already has begun hiring additional manufacturing, maintenance, infotech, and engineering workers.

The Indiana Economic Development Corp. has pledged up to $1.15 million in tax credits and up to $200,000 in training grants based on the firm’s job-creation plans. The tax credits are conditional, meaning they can’t be claimed by the firm until workers are hired.

The city of Jasper will consider a property tax abatement for the project, according to the IEDC.

Founded in Jasper in 1942, Jasper Engines & Transmission is a remanufacturer of drivetrain components, producing more than 141,474 gas and diesel engines, transmissions and differentials last year alone.

It currently employs more than 2,600 associates throughout the United States, including more than 1,445 in Indiana.
 

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  1. It is nice and all that the developer grew up here and lives here, but do you think a company that builds and rehabs cottage-style homes has the chops to develop $150 Million of office, retail, and residential? I'm guessing they will quickly be over their skis and begging the city for even more help... This project should occur organically and be developed by those that can handle the size and scope of something like this as several other posters have mentioned.

  2. It amazes me how people with apparently zero knowledge of free markets or capitalism feel the need to read and post on a business journal website. Perhaps the Daily Worker would suit your interests better. It's definitely more sympathetic to your pro government theft views. It's too bad the Star is so awful as I'm sure you would find a much better home there.

  3. In other cities, expensive new construction projects are announced by real estate developers. In Carmel, they are announced by the local mayor. I am so, so glad I don't live in Carmel's taxbase--did you see that Carmel, a small Midwest suburb, has $500 million in debt?? That's unreal! The mayor thinks he's playing with Lego sets and Monopoly money here! Let these projects develop organically without government/taxpayer backing! Also, from a design standpoint, the whole town of Carmel looks comical. Grand, French-style buildings and promenades, sitting next to tire yards. Who do you guys think you are? Just my POV as a recent transplant to Indy.

  4. GeorgeP, you mention "necessities". Where in the announcement did it say anything about basic essentials like groceries? None of the plans and "vision" have basic essentials listed and nothing has been built. Traffic WILL be a nightmare. There is no east/west road capacity. GeorgeP, you also post on www.carmelchatter.com and your posts have repeatedly been proven wrong. You seem to have a fair amount of inside knowledge. Do you work on the third floor of Carmel City Hal?

  5. I don't know about the commuter buses...but it's a huge joke to see these IndyGo buses with just one or two passengers. Absolutely a disgusting waste of TAXPAYER money. Get some cojones and stop funding them. These (all of them) council members work for you. FIRE THEM!

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