Startup Anodizer Will Create New Jobs in Northern Indiana
Northern Indiana Anodize says it plans to invest $6.9 million in its first location in Fort Wayne, Indiana, and create as many as 48 new jobs by the end of 2021.
Northern Indiana Anodize (NIA), a startup aluminum anodizing company, says it plans to invest $6.9 million in its first location in Fort Wayne, Indiana, and create as many as 48 new jobs by the end of 2021. The company plans to use 32-foot tanks to accommodate aluminum parts as long as 30 feet.
“With the economy growing, we’re seeing companies changing from steel parts to aluminum for weight and performance purposes,” says Bruce Fogler, chief financial officer. “We know there’s a high demand for anodizing providers and a shortage of large-tank anodizing facilities, so we’re starting this company to provide high-quality services in a growing industry.”
The planned 47,000-square-foot facility will be built at on Bluffton Road in Fort Wayne, just off I-469. Construction is slated to begin in August and completion is expected in March 2019.
NIA plans to serve the automotive, construction, boating, and industrial markets in the Midwest region.
“As a state, we’re committed to cultivating an entrepreneurial ecosystem where companies like NIA have the access to capital and the tools they need to launch their businesses,” says Elaine Bedel, president of the Indiana Economic Development Corporation (IEDC). “We’re excited to witness NIA’s growth in northeast Indiana as they establish their first anodizing facility and create good jobs in the community.”
The IEDC offered NIA as much as $250,000 in conditional tax credits based on the company’s job-creation plans. These incentives are performance-based, meaning that until Hoosiers are hired, the company is not eligible to claim incentives. Northeast Indiana Works also will provide the company with hiring and training assistance. NIA is also eligible for tax phase-ins for eligible real and personal (equipment) property investments.
For information, visit www.northernindianaanodize.com.
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