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Stanley moving production to new Greenfield plant

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Connecticut-based Stanley Black & Decker Inc. plans to combine two of its manufacturing operations at a new facility in Greenfield, adding as many as 80 jobs in the next two years, state economic development officials said Friday.

About 100 employees at an existing Stanley-Bostich plant in Shelbyville will be transferred to the 220,000-square-foot facility in neighboring Hancock County. Stanley also will relocate a production line from East Greenwich, R.I.

“We outgrew our Shelbyville facility,” corporate spokesman Tim Perra told IBJ.

The lease took effect Friday, and the company will begin production and the new facility by March, Perra said. The transition is expected to be complete during 2012.

Workers at the Greenfield facility will make industrial, steel and wire fasteners, and assemble pneumatic tools, he said.

Indiana Economic Development Corp. offered the company as much as $600,000 in performance-based tax credits and $50,000 in training grants. The city of Greenfield plans to provide infrastructure assistance and tax abatements.

Stanley Black & Decker was formed in March when The Stanley Works completed its $3.5 billion purchase of power-toolmaker Black & Decker Corp. Stanley acquired Indianapolis-based Best Lock in 2003, giving it a foothold in the growing security business.

The combined company has nearly 40,000 employees worldwide.

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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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