IBJNews

Manufacturer plans expansions at two Indiana plants

Back to TopCommentsE-mailPrintBookmark and Share

Shiloh Die Cast Midwest LLC plans to expand two of its plants in northeast Indiana, leading to 145 new jobs by 2018, the company announced Monday night.

The subsidiary of Valley City, Ohio-based Shiloh Industries Inc. said it will spend $7.8 million to renovate and equip a 120,000 square-foot plant in Auburn and a 106,000 square-foot facility in Pierceton. Auburn is about 140 miles from Indianapolis; Pierceton is about 110 miles away.

The renovations should be completed by 2016.

Shiloh Industries employs more than 2,000 people nationally, with 86 associates in Auburn and 107 in Pierceton. The company plans to begin hiring for both facilities this year.

The Indiana Economic Development Corp. offered Shiloh up to $1,000,000 in conditional tax credits and up to $100,000 in training grants based on the company's job-creation plans. The city of Auburn will consider additional incentives. The town of Pierceton approved additional tax abatement.

Founded in 1950, Shiloh designs, engineers and manufactures lightweighting, noise and vibration solutions for the automotive, commercial vehicle and other industrial markets.
 

ADVERTISEMENT

  • Incentives are NOT Government Largess
    Tax credits and abatements and job training grants are not "tax dollars for the rich". They are incentives to encourage economic growth, which, in turn, enlarges the tax base. Conversely, a shrinking tax base reduces revenue available for things like education and services for the poor. Take a look at what happened to Anderson after GM left for a perfect example. By the way, has anyone here ever been hired for a full-time job by a poor guy?
  • Good for the Local Economy
    This type of expansion is good for the local economy and a long range benefit for all taxpayers in Indiana. Call it what it is, "A Stimulus Package" and that is going to grow the economy of Indiana over the next ten years.
  • Check this out....
    Amy, Saw this article today.
  • Gov't Largess again
    And of course, our tax dollars go to another wealthy entity. We can not afford to provide health care for the poor, but tax dollars for the rich...OF COURSE

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
  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

ADVERTISEMENT