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.

















IBJ Conversations
1 Comments
Add Comment