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Solar panel maker plans up to 240 jobs in Columbus

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A startup company plans to start solar panel manufacturing operations in a central Indiana city and potentially hire 240 people in the next few years.

NuSun Inc. chief executive Ryan Stout said the facility in Columbus will make high-efficiency solar panels that are in growing demand around the world. Stout told The Republic that the company plans to spend nearly $9 million to start production at a Columbus industrial park.

It expects to begin hiring next summer and have 80 workers within about a year. NuSun is now based near Muncie but will be moving its offices to Columbus.

The Columbus City Council voted Tuesday to apply for a $600,000 state grant to help equip the facility. The state also has offered up to $2.25 million in tax credits.

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  • Odd move
    You would think that Muncie's attraction of a large wind energy company would make other reusable energy companies want to call Muncie home... Not move away. It sure looks great whenever your a lawer firm based out of New York, Banker out of Chicago, Tech company in Silicon Valley, or a dealer from Gary
  • Why not Turkey
    Hey why not build this plant in turkey? You might be able to hire twice as many employees for the same pay and still ship the finished product around the planet and make the same profit margin, and not have to worry about the bully unions. Its the american dream ??

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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