A central Indiana county is trying to attract an unidentified renewable energy company to take over a sprawling factory
that a Chrysler supplier stopped building last year.
Tipton County officials on Monday approved a resolution outlining
tax incentives to the company.
Rick Hall of the Indianapolis law firm Barnes & Thornburg said the company was
planning to invest $450 million in property improvements and equipment and hire 850 people. Hall said the company had not
decided on the Tipton site.
The 781,500-square-foot factory along U.S. 31 was 90 percent complete when German auto
parts maker Getrag halted construction on the planned 1,400-worker transmission plant in October. That happened after Chrysler
withdrew from a financing agreement and left the plant without a primary customer.