IBJNews

Military firm could create 500 jobs at former chemical site

Back to TopCommentsE-mailPrintBookmark and Share

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.

ADVERTISEMENT

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

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. How is the private developer going to repay the bonds. Is this going to be a toll road?

  2. As well as a Portillio'S!!!!!!

  3. A Lou Malnati's would be awesome!!!!!!!!

  4. We aren't broke. We just aren't willing to raise revenues for this that we should be raising them.

  5. OK. now that the state is taking illegal immigrants, willing or not. There is a major concern that needs to be addressed. First: School starts here in 3 weeks in most parts of the country and probably in Indiana. So is the state going to vaccinate these kids before they intermingle with our kids in school? The problem we are going to have here in the US and possibly in Indiana is that some of these kids could be carrying health issues or diseases that are pretty much eradicated in the US. This could cause a major health issue in the US. Second: Who is going to pay for this building disaster? We are flat out broke….. Down here in Texas, we have 14 counties that have been so swamped with kids, (numerous thousands of them), they are on the verge of financial collapse. Now this is happening in counties in New Mexico, Arizona and California. The system is massively overloaded. Swine flu has started back up in San Antonio since they have nearly 2500 kids that have been placed there and lice is rampant. Not to be insensitive, but we need to stop this madness. I find it amazing that we cannot take care of our veterans and yet give carte blanche to illegals entering the country. Recently an article mentioned that these kids and teenagers can get on planes without TSA screening? What? What the Hell???? Keep in mind this about protecting our national sovereignty as a nation and also living under the rule of law. Not only the terrorist threat that can come over the border. This is a deliberate and irresponsible and illegal act from administration ignoring the constitutional duty of protecting the borders and also upholding the supreme law of the land. This is a classic Cloward and Piven strategy to overload the system until it collapses.

ADVERTISEMENT