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Military firm could create 500 jobs at former chemical site

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Telic Corp., a developer and manufacturer of United States military equipment, announced Thursday it will invest more than $1.2 million in the former Newport Chemical Depot in western Indiana, creating up to 500 jobs by 2010.

The company, which also provides security, technical and administrative services worldwide, currently has operations in Crawfordsville; Albany, Ky.; and Kabul, Afghanistan.

The Indiana Economic Development Corp. offered Telic up to $3.8 million in performance-based tax credits and up to $125,000 in training grants based on the company’s job-creation plans.

Telic plans to establish an administrative support, manufacturing and development center at the Newport site, which is about two hours west of Indianapolis. The jobs would pay an average of $37 an hour, the company said.

Telic’s job-creation plans follow another economic-development announcement in Vermillion County. Clinton-based White Construction Inc., a contractor for renewable energy projects, said Wednesday that it will invest more than $10.2 million to expand its headquarters, creating up to 70 jobs.

“This is the second day in a row we’ve been able to announce new jobs in Vermillion County,” Gov. Mitch Daniels said in a prepared statement. “It’s a joy that never gets old in any part of the state, but we’re especially glad to see the Newport site being reborn and on its way to hosting more and better jobs than ever before.”

Telic is the first business to announce plans for the depot site, which for decades produced and stored a deadly nerve agent. The depot is winding down operations after destruction of its VX stockpile was completed last year.

A local reuse board has been working on a plan to open about half the Newport depot's 7,100 acres to potential business development.

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  • 500 Jobs by 2010
    500 jobs created by 2010? Is this an old story that should be archived?

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

  4. Marijuana is the safest natural drug grown. Addiction is never physical. Marijuana health benefits are far more reaching then synthesized drugs. Abbott, Lilly, and the thousands of others create poisons and label them as medication. There is no current manufactured drug on the market that does not pose immediate and long term threat to the human anatomy. Certainly the potency of marijuana has increased by hybrids and growing techniques. However, Alcohol has been proven to destroy more families, relationships, cause more deaths and injuries in addition to the damage done to the body. Many confrontations such as domestic violence and other crimes can be attributed to alcohol. The criminal activities and injustices that surround marijuana exists because it is illegal in much of the world. If legalized throughout the world you would see a dramatic decrease in such activities and a savings to many countries for legal prosecutions, incarceration etc in regards to marijuana. It indeed can create wealth for the government by collecting taxes, creating jobs, etc.... I personally do not partake. I do hope it is legalized throughout the world.

  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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