Indianapolis-based Gaylor Electric plans to expand its Noblesville operations, investing $4.4 million in a new facility and hiring 20 employees.
The electrical design-build contractor that serves the health care, industrial, transportation, commercial and residential industries would double the size of its Noblesville campus by building a 49,000-square-foot prefabrication facility at 17225 Kraft Court.
The new building would be constructed on four acres of undeveloped land on the east side of Kraft Court, across the street from the existing Gaylor Real Estate office.
Gaylor has operated in Noblesville for 10 years and has 93 employees on site. The new building would be used to fabricate electrical packet assemblies that would then be delivered to job sites for installation.
"Gaylor envisions a work campus that would support its corporate growth as well as benefit workforce training opportunities in Noblesville,” according to a letter from Noblesville Economic Development Director Judi Johnson to the Noblesville Common Council. “The expansion will create an ideal condition that allows efficiencies in their manufacturing processes, will reduce cost and improve safety.”
Gaylor would invest more than $4.4 million in the project and would hire an additional 20 employees within five years, earning an average annual salary of $61,750 (including benefits). Gaylor also plans to move its utility division, comprising 26 employees, from rented space in Indianapolis to the Noblesville campus.
The company has requested a 10-year real property tax abatement and a two-year personal property tax abatement. Between the two abatements, Gaylor would save about $536,000 in taxes. The Noblesville Common Council will hold a public hearing next month regarding the tax breaks.
During a Noblesville Common Council meeting on Tuesday, Johnson said Gaylor has been a good corporate citizen over the years.
“This is not only about a new large investment by an existing Noblesville business tax payer,” she said. “It’s also about an existing business community partner. Gaylor gives back to our community through its workforce and community development efforts and community involvement.”
Gaylor operates in 10 locations across the country, including five sites in Indiana: Noblesville, Indianapolis, Columbus, Lafayette and Elkhart.