COLUMBIA CITY, Ind. (Jan. 4, 2012) - Impact CNC, LLC, a production machining company, announced plans today to establish a new facility here, creating up to 106 new jobs by 2014.
The company will invest $12.87 million to purchase and equip a 30,000 square-foot facility at the Gateway Park in Whitley County. The new facility, which plans to be operational in February, will offer computer numerical control (CNC) services for customers in the automotive, heavy-truck and agricultural industries.
"Indiana's manufacturing sector is continuing to see healthy growth and Impact CNC's announcement only reinforces that," said Governor Mitch Daniels. "We've been able to create an environment that promotes sustainable business practices through our low-tax policies and nationally-ranked business climate."
Impact CNC plans to begin hiring CNC operators, supervisors and support staff in the coming months. Interested applicants should apply at www.impactcnc.net.
"I look forward to establishing Impact CNC in Whitley County," said Jerry Busche, founder and president of Impact CNC. "For this project I considered a number of sites in the Midwest, but once again found that Indiana provided the right location to grow the company in the years ahead."
Impact CNC is the second venture started by Jerry Busche to locate in Whitley County in as many years, joining PDQ Workholding, a manufacturer of hydraulic fixtures and workholding solutions for the CNC machining industry. In 2010, PDQ Workholding announced plans to invest more than $3.8 million to lease and equip a neighboring facility in Gateway Park.
The Indiana Economic Development Corporation offered Impact CNC, LLC up to $550,000 in conditional tax credits an up to $80,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The Whitley County Council approved additional property tax abatement at the request of the Whitley County Economic Development Corporation.
"On behalf of the Whitley County Commissioners, we greatly appreciate that Mr. Busche has again decided to launch a business venture in our community," said Don Amber, president of the Whitley County Board of Commissioners. "It is very meaningful to see business owners like Jerry continue to stay, invest and create jobs in our community."
Impact CNC's announcement comes just two weeks after Poly-Wood, a manufacturer of outdoor furniture, announced plans to expand its operations in nearby Kosciusko County. As part of the project, the company will invest $2.78 million and create up to 50 new jobs by 2015.
About Impact CNC
Impact CNC, LLC possesses a broad range of production machining capabilities. The company is headquartered in Columbia City, Ind. and is led by several industry veterans including Jerry Busche, Warren Cole and Aaron Schoon.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
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Jerry Busche (Impact CNC) - 260.244.2919 email@example.com
Katelyn Hancock (IEDC) - 317.234.2294 or firstname.lastname@example.org
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