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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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  1. RKW's comments read like a modern "Chicken Little". As a Raintree resident for many years, "Yes, I'm ready for this." Matter of fact, I welcome The Farm because it's a development that compliments our town, brings new and desirable shopping & dining closer (specialty grocer, upscale shops, micro brew pub, etc), offers upscale condos for empty nesters who want to stay in Zionsville, is being planned and constructed by local, well-reputed firms and, of course, provides desirable non property tax benefits. We all knew the Pittman's were going to develop their property sooner than later. That one of the Pittman's will continue to live on the property helps assure The Farm will be everything promised. This also sets a standard for other developers as to the quality of future developments - which should keep an ugly Walmart at bay for decades. As we've no meglomaniac mayor, I seriously doubt Zionsville would ever aspire to over-priced statues or subsidized retail rents. And we already have a very nice public theater, the Zionsville Performing Arts Center, that meets our cultural needs quite nicely.

  2. Do we add (or subtract) these from the bounty we recieve from RTWFL, Daylight Savings Time, corporate tax giveaways, and the crack job IEDC is doing?? Or is Mike going to blame these on Mitch?

  3. Who makes Tater Tots? They would be a good sponsor, because $3 Million for the alleged "Greatest Spectacle In Racing" is taters. Tiny, tiny taters. But at least they are making up something of the losses accumulated over the years in this dying sport. Buttock in seat is certainly not doing it, nor eyeball on TV, as evidenced by the lack of both.

  4. We loved lakehouse and think the Arbor Village would be a great location. It is less than 2 miles from over 1000 rooftops in the 225,000 to over 1 million range. Many people could use the great fishers trail system to bike or walk there. Just an idea Scotty -- but maybe something closer to 3 Wiseman would good. The only microbrew in area is Ram (boring)

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