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Manufacturer expanding northeast-Indiana operations

Associated Press
March 23, 2012
Keywords
Economic Development, Economic Development Agencies, Economic Development Incentives, Factories, Government & Economic Development, Indiana Economic Development Corp., Job Creation, Manufacturing & Technology, Tax Abatements, Tax Credits
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A manufacturer plans to expand its operations in northeastern Indiana, possibly adding up to 120 workers by 2015.

Busche Enterprise Division Inc. said it will spend about $17 million to buy, expand and equip a 36,000-square-foot factory near its headquarters in the Noble County town of Albion, about 35 miles northeast of Fort Wayne.

The 15-year-old company now has about 550 workers at seven plants in Indiana making castings and forgings that are used by companies that include John Deere and General Motors.

Construction to expand the building by an additional 24,000 square feet will begin this fall, and the plant should be operational early next year.

The Indiana Economic Development Corp. said it will provide Busche up to $600,000 in performance-based tax credits and up to $150,000 in training grants based on the company’s job-creation plans. Noble County will consider property-tax abatements.

Gov. Mitch Daniels joined company and local officials at an announcement of the expansion Thursday.

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