BREAKING: Indiana Lands Turbine Blade Company

The Indiana Economic Development Corporation offered GBT USA, Inc. up to $2,800,000 in performance-based tax credits and up to $200,000 in training grants based on the company’s job creation plans.

updated: 9/13/2011 10:08:41 AM

[UPDATED] BREAKING: Indiana Lands Turbine Blade Company

InsideINdianaBusiness.com Report

A wind turbine blade manufacturer plans to open two facilities in southern Indiana with intentions of creating up to 400 jobs by 2014. Governor Mitch Daniels has announced a two-phased project involving GBT USA Inc., a unit of Netherlands-based Global Blade Technology. The company is leasing space at the former Whirlpool plant in Evansville for an engineering design and production facility, which the city says will have nearly 40 employees by next year. The Indiana Economic Development Corp. says GBT also plans to build an additional southern Indiana facility in 2013 to produce composite rotor blades for wind turbine generators.

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September 13, 2011

News Release


EVANSVILLE, Ind. (Sept. 13, 2011) – Governor Mitch Daniels joined executives from GBT USA, Inc., a designer and manufacturer of wind turbine blades, today to announce the company’s plans to open a facility here and create up to 400 new jobs by 2014 in southern Indiana.

The clean technology company, a subsidiary of Global Blade Technology, will lease and equip 45,000 square feet of space at Park41. The new office and manufacturing facility will house the company’s engineering design and consultancy offices and the production lines of wind blades, molds and tooling. In 2013, the company plans to build an additional facility in southern Indiana to manufacture composite rotor blades for wind turbine generators. The company projects to invest $17.6 million for leasing, construction and equipment costs at the two facilities.

“Indiana has been the nation’s fastest-growing wind power state, and it is now being reflected in the arrival of great supplier companies like GBT,” said Daniels. “We are thrilled to have earned the business of this outstanding international company.”

According to the American Wind Energy Association, Indiana increased its installed wind capacity ten-fold in 2009 and 2010, becoming one of the fastest growing states for wind power. With 2.4 percent of the state’s power provided by wind last year, Indiana is ranked 12th in the country for most installed wind power capacity, all of it in the last few years. It is estimated that the wind power industry created up to 2,000 direct and indirect jobs in the Hoosier state in 2010.

GBT USA plans to hire additional personnel in southern Indiana in phases with 40 new employees by 2012 and up to 400 cumulative positions filled by 2014. The new associates will be across the company, including manufacturing, engineering, logistics and customer service.

“GBT is capitalizing on an underserved segment of the wind energy market,” said Dan Oberle, general manager of GBT USA. “Evansville is an ideal location to serve the industry as it is centrally located to the massive wind farms of the Midwest and the flurry of offshore activity to the east and south.”

Founded in 2009, Global Blade Technology is headquartered in Wieringerwerf, Netherlands, with operations in India and the United States. GBT USA was incorporated in 2009 in Cincinnati, Ohio, and focuses on designing and producing custom rotor blades for wind turbine generators for customers around the world.

The Indiana Economic Development Corporation offered GBT USA, Inc. up to $2,800,000 in performance-based tax credits and up to $200,000 in training grants based on the company’s job creation plans. The city of Evansville is receiving a federal Community Development Block Grant from the state’s Office of Community and Rural Affairs for purchase of capital equipment for the firm’s new Evansville operations. Also, the city of Evansville is offering the company a 10-year Evansville Urban Enterprise Zone Investment Deduction and a loan through the Evansville Revolving Loan Fund (RLF) which is expected to be approved by the Evansville RLF Board later today.

“Once again, our diligence, collaboration, workforce development, and preparation have paid off,” said Evansville Mayor Jonathan Weinzapfel. “Evansville had the right facility in the right location with the right infrastructure and amenities – and collaborated with the State to offer the right set of economic incentives – to entice GBT USA to establish its first U.S. manufacturing facility right here in Evansville.”

Green jobs account for 1.7 percent of the state’s total employment, according to a survey by the Indiana Business Research Center and the Indiana Department of Workforce Development. In June, Fronius, an Austrian clean technology company and fourth-largest solar inverter producer in the world, announced that it will relocate its North American headquarters from Michigan to Portage, creating up to 512 new jobs by 2016.

About GBT
Global Blade Technology (GBT) is an engineering company focused on wind rotor blades, including design, tooling, and manufacturing technology. GBT does fundamental process and materials research, mold production and advanced blade manufacturing systems. GBT was incorporated in the Netherlands in 2009, and boasts over 70 years of collective blade technology experience. The company is headquartered in Wieringerwerf, Netherlands, with operations in Vadodara, India, and Cincinnati, Ohio.

About IEDC
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. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.

Source: Indiana Economic Development Corp.

News Release

(EVANSVILLE, IN) – September 13, 2011 – Evansville Mayor Jonathan Weinzapfel announced today that GBT USA, Inc., a wind turbine blade technology company that is a wholly-owned subsidiary of Netherlands-based Global Blade Technology, will establish its first U.S. office and manufacturing facility in approximately 45,000 sq. ft. of space it will lease from The Kunkel Group at Park41, 5401 U.S. Highway 41N, in Evansville, Indiana. GBT USA will manufacture molds, tooling, prototypes, and other components necessary for customers to manufacture wind turbine blades. Over the next two years, GBT will make a real estate and personal property investment of approximately $3.5 million and create nearly 40 new jobs.

“Once again, our diligence, collaboration, skilled workforce, and preparation have paid off,” said Evansville Mayor Jonathan Weinzapfel. “Evansville had the right facility in the right location with the right infrastructure and amenities – and collaborated with the State to offer the right set of economic incentives – to entice GBT USA to establish its first U.S. manufacturing facility right here in Evansville.”

To make this economic development project possible, the City of Evansville is offering GBT USA a $292,500 three-year low-interest loan through the Evansville Revolving Loan Fund (RLF), which is expected to be approved by the Evansville RLF Board yet today; $208,000 in

Community Development Block Grant Program Disaster Recovery funds granted to the City of Evansville by the Indiana Office of Community and Rural Affairs; and a 10-year Evansville Urban Enterprise Zone Investment Deduction, with an approximate value of $147,000.

“GBT USA is a start-up company with a unique value proposition in the wind energy market,” said Dan Oberle, General Manager, GBT USA. “With the establishment of mold manufacturing operations in Evansville, we’re in the right position – literally and figuratively – to transform the domestic wind energy market.”

Park41, owned by The Kunkel Group, consists of 1.2 million sq. ft. of space in the former Whirlpool Corporation manufacturing facility.

“It would be very difficult to find a single company that could fill the former Whirlpool facility.

Transforming it to an industrial park that leases space for start-up and expansion projects like this one provides greater potential for long-term economic growth. We look forward to assisting GBT and the other Park41 tenants grow their businesses in any way that we can,” said Debbie Dewey, President, Growth Alliance for Greater Evansville.

“Today’s announcement by Global Blade Technology epitomizes The Kunkel Group’s real estate development strategy and commitment to the community. This announcement is yet another concrete example of a Renaissance project by The Kunkel Group. The rebirth of the former Whirlpool manufacturing facility into Park41 continues to have a tangible impact on the Evansville economy by adding high paying jobs and working to re-establish the tax base. The Kunkel Group is pleased to be a part of bringing this global company to our community,” said Ben Kunkel, President of the Kunkel Group, Inc.

“Today Global Blade Technology joins a variety of highly established companies in making Park41 home. The Kunkel Group’s commitment to providing quality commercial lease opportunities at ultra competitive prices is exemplified by the wonderful tenants in our properties,” said Chuck Harper, Vice President of The Kunkel Group Realty, Inc.

GBT USA plans to establish an additional manufacturing facility in Southern Indiana in the next several years for full-scale production of composite rotor blades for wind turbine generators.

While plans for this additional manufacturing project are not finalized, company officials indicate that this additional facility, which would be located in Evansville but not necessarily at Park41, would require an additional investment of approximately $40 million and create 400 new jobs. The City of Evansville will continue working with GBT to structure an economic incentive package to make this additional production phase possible.

The Indiana Economic Development Corporation offered GBT USA up to $2,800,000 in performance-based tax credits and up to $200,000 in training grants based on the company’s job creation plans of 400 new jobs by 2014 in southern Indiana.

“Indiana has been the nation’s fastest-growing wind power state, and it is now being reflected in the arrival of great supplier companies like GBT,” said Governor Mitch Daniels. “We are thrilled to have earned the business of this outstanding international company.”


About Global Blade Technology
Global Blade Technology is an engineering company focused on wind rotor blades, including design, tooling and manufacturing technology. GBT does fundamental process and materials research, mold production and advanced blade manufacturing systems. GBT was incorporated in The Netherlands in 2009. The company is headquartered in Wieringerwerf, The Netherlands, with operations in Vadodara, India.

For more information on rotor blade technology, please contact GBT at info@GBTholding.com, or visit the company website at www.GBTholding.com.

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