Delaware County commissioners and Brevini Wind confirmed the payment. 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 said when plans for its Yorktown factory were announced in October 2008 that it planned to create 450 jobs. But because of the recession and declining growth in the wind power industry, the company never has employed more than 60 workers.
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, has invested 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.