An Italian wind turbine maker is expected to pay a central Indiana county $375,000 for failing to meet a goal of hiring 200 workers by the end of 2014.
Delaware County commissioners and Brevini Wind confirmed the payment Tuesday. The company could pay another $800,000 if it fails to create the equivalent of 410 full-time-jobs by Dec. 31, 2016, the Star-Press of Muncie reported.
Brevini planned to create 450 jobs when plans for its Yorktown factory was first announced in October 2008, but with the recession and declining growth in the wind power industry, the company never employed more than 60 workers.
County Commissioner Shannon Henry said the recession caught Brevini at a bad time.
The company issued a statement saying it's "well positioned for future growth in Delaware County."
Brevini, which moved its headquarters from Illinois to Indiana before opening the factory, did spend invest more than $10 million in real estate and another $26 million in equipment for its two-building complex. The company has an annual payroll of more than $3 million and paid more than $300,000 in real estate taxes in 2014.
Delaware County issued $2.2 million in bonds to help the company in 2008 and spent $5 million on an unused rail spur designed to handle huge gearboxes.