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Maker of truck bodies plans to add up to 350 jobs in Goshen

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Supreme Industries, Inc., a manufacturer of customized truck bodies, said Tuesday that it plans to add up to 350 jobs in its headquarters city of Goshen by 2015.

The publicly traded company, which has manufacturing operations in five states, said it will invest nearly $8 million to refurbish and equip facilities on its 100 acre-campus in Elkhart County.

Supreme, which currently employs 630 in Goshen and more than 1,600 nationwide, will begin hiring manufacturing workers later this year.
 
"Supreme has chosen Indiana as its expansion site due to the labor force, its strong heritage in specialty vehicles and the continued support from the state," Supreme CEO Kim Korth said.

The company, founded 33 years ago, builds and distributes commercial truck bodies and buses, including armored trucks, dry-freight and insulated cargo vans, service vans, shuttle buses and trolleys.

The Indiana Economic Development Corp. offered Supreme Industries up to $1.5 million in conditional tax credits and up to $67,500 in training grants based on the company's job-creation plans. The city of Goshen will consider additional property tax abatement.
 

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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