ALBION, Ind. (Jan. 6, 2012) - Vehicle Control Solutions, Inc. (VCS), an automotive engineering company, announced plans today to expand its operations here, creating up to 70 high-wage jobs by 2014.
The company, which provides embedded electronics hardware and software for vehicle systems, will invest $712,000 to lease 9,900 square-feet of space and remodel into office and lab space at 71 E. 400 S. in Albion. VCS will also upgrade and purchase computers and software systems.
"We're not surprised that a high-tech company like VCS has chosen to expand in Indiana and reaffirm the confidence companies have in our business climate," said Governor Mitch Daniels. "Through our world-class universities and talented workforce, Indiana has become a hub for technical and engineering innovation."
VCS, which currently has 18 full-time employees in Indiana, has already begun hiring additional hardware, software, components and computer-aided-design engineers. The highly-skilled positions will earn an average salary of $85,000. Interested candidates should apply at www.v-c-s-inc.com.
"Northeast Indiana provides a workforce with a diverse skill set, attractive cost of living, great schools and recreational opportunities along with the business environment and location to grow and sustain an engineering services business," said Mark Bryant, co-founder and director of VCS. "This provides the fuel we need to grow. We have opportunities for significant growth throughout the coming years."
VCS was formed five years ago by Mark Bryant and Russell Smith, two veterans in the software, electronic hardware design and product development industry. A member of the Freescale Design Alliance, the company also provides specific circuit design, software module development and testing services for its customers.
The Indiana Economic Development Corporation offered Vehicle Control Solutions, Inc. up to $1 million in conditional tax credits and up to $62,500 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 Noble County Council approved additional property tax abatement.
"The County Council and all of Noble County are very excited to see the expansion of VCS," said Don Moore, president of the Noble County Council. "They will not only be bringing higher paying jobs to Noble County, but employees that will be looking to relocate to the County. We thank VCS for their investment in Noble County and look forward to working with them in future endeavors."
The Hoosier State is home to some of the nation's top ranked engineering programs, including Purdue's number one ranked biological and agricultural engineering program and Rose-Hulman's number one ranked undergraduate engineering program. Last year, Indiana's institutions of higher education produced more than 5,400 new engineering graduates.
About Vehicle Control Solutions
VCS provides electronic hardware and embedded software engineering services with the agility of a small company and the experience of a large corporation. Customer-specific or industry standard design, process, engineering and manufacturing practices are followed to produce a high-value product. For more information about Vehicle Control Services, visit www.v-c-s-inc.com.
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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Russell Smith (VCS) - 260.636.7100 or firstname.lastname@example.org
Katelyn Hancock (IEDC) - 317.234.2294 or email@example.com
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