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Ohio manufacturer expanding in northeast Indiana

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An Ohio manufacturing company plans to spin off its machining and fabrication operations and set up shop in northeast Indiana, creating 111 jobs by 2014, state economic development leaders said Tuesday evening.

Industrial Steering Products will grow its Steuben County production operations by forming a new business, Triton Metal Products. The company, which makes parts for the heavy truck, medical, military and motor home industries, plans to invest $4.8 million to expand an existing 93,000 square-foot building.

Formed in 1982 from a division of General Motors, Industrial Steering Products will continue to produce steering components for industrial vehicles, motor homes and heavy trucks. Its Triton Metal Products subsidiary will be a full-service machining and fabricating provider.

A woman-owned small business enterprise, Triton already has hired additional manufacturing and engineering workers to help with the Hamilton expansion.

The Indiana Economic Development Corporation offered Triton up to $620,000 in performance-based tax credits and up to $50,000 in training grants based on the company's job creation plans. The town of Hamilton will consider additional property tax abatement on machinery and building improvements.

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  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

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  3. is a disaster. SR37 already needs to be built to interstate standards between 465 and SR144. Southport Road is a mess each morning and evening.

  4. Bass Pro Shops would be good for the mall as well as a Giant Eagle Market District or a Jungle Jim's International Market Place grocery store like the one near Cincinnati Ohio.A Disney quest indoor theme park would be good.An Academy outdoor store would be good too.Indoor Circus shows and magic shows would be good as well. A casino with sports bar would be good.A Disney theater inside that shows movies and Broadway shows would work.Nashville Tennessee concert shops with indoor neon lights would be good.How about a theater that shows travel shows and theme parks. A train store would be good.How about a giant toy store with high tech video games.

  5. This development is in addition to Allpoints Midwest 5, Aitrtek, a recent FedEx and more in Plainfield. Greenwood and Brownsburg also have similar projects.

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