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Manufacturer plans expansions at two Indiana plants

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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.
 

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  • 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

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