IBJNews

llinois manufacturer plans move to northwest Indiana

Back to TopCommentsE-mailPrintBookmark and Share

An Illinois manufacturer says it will open a factory in northwestern Indiana, where it expects to hire as many as 240 workers in the next few years.

Officials of Blue Island, Ill.-based Modern Forge announced Tuesday that it would set up forging production lines, engineering and general offices, and a die shop in an existing Merrillville facility.

The Indiana Economic Development Corp. says that once the new factory is fully operational, the company's Blue Island facility will likely close.

Modern Forge owner Greg Heim cited what he called Indiana's "positive business environment" for selecting the Merrillville site. Indiana economic officials have been trying to entice moves by Illinois companies following an increase this year in the Illinois corporate tax rate.

The IEDC offered Modern Forge Companies, LLC up to $2,000,000 in performance-based tax credits and up to $200,000 in training grants based on the company's job creation plans. The city of Merrillville has approved additional property tax abatement at the request of the Lake County Economic Development Department. 

Modern Forge makes parts for the aerospace, truck and marine 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
ADVERTISEMENT