IBJNews

Steering parts manufacturer plans local expansion

Back to TopCommentsE-mailPrintBookmark and Share

Bishop Steering Technology Inc., an Indianapolis company specializing in designing rack-and-pinion steering gear for the automotive and motorsports industries, plans to  expand, creating 25 additional jobs by 2014, the Indiana Economic Development Corp. said Friday.

The $10.4 million project will nearly double Bishop’s headcount.

The company, located at 8802 Bash St. on the far northeast side, plans to lease an adjacent 13,000-square-foot building to make room for the expansion.

Bishop is a subsidiary of Bishop Steering Technology Ltd. of Sydney, Australia, which was acquired in January by Germany-based Georgsmarienhutte Holding GmbH.

The IEDC offered Bishop as much as $200,000 in performance-based tax credits for the jobs, and Develop Indy has asked the city to consider property-tax breaks.

 

ADVERTISEMENT

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
ADVERTISEMENT