Fishing lure maker plans Indiana expansion

October 8, 2014

A company that makes fishing lures and components is expanding its northeastern Indiana operations.

LureCraft Fisherman's Shop Inc. announced Wednesday it would spend $408,000 to buy and equip a 22,000-square-foot facility in the Steuben County town of Orland, about 170 miles northeast of Indianapolis.

The company said the expansion will triple its current space in LaGrange and allow it to add 91 workers before the end of 2017.

LureCraft makes liquid soft plastic, coloring, plastic molds and aluminum molds, which fisherman and other companies use to make and assemble fishing lures.

The 48-year-old company says it has been awarded a contract for a line of fishing lures featured in the National Geographic Channel series "Wicked Tuna" that will be sold online and in sporting goods stores around the country.

LureCraft is already hiring for manufacturing positions and plans to hire additional assembly, packing and managerial associates.

The Indiana Economic Development Corp. offered LureCraft up to $350,000 in conditional tax credits and up to $100,000 in training grants based on the company's job-creation plans. Steuben County will consider additional incentives.

The company has four existing employees, according to the contract it reached with the IEDC.



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