Indalex Inc. of
In exchange, the company received government incentives worth nearly $3.4 million.
Indalex plans a 100,000-square-foot addition to its plant to make room for a 6,000-ton extrusion press. The expansion is expected to generate 62 new jobs and $22 million in capital investment. Indalex already employs 61 people in
“This new investment at our
IEDC offered Indalex $75,000 in training grants and up to $820,000 in tax credits to encourage the expansion.
The expansion is slated to be finished by the end of the year. Indalex plans to begin hiring new employees and begin full production with its new extrusion press next year.