updated: 10/30/2012 7:16:51 AM
An Indiana company is expanding in Daviess County. MacAllister Machinery Co. Inc. is planning to invest $8.9 million in its Washington operation. The Caterpillar equipment distributor intends to add up to 61 jobs by 2016. The company currently employs 100 in Daviess County.
October 30, 2012
WASHINGTON, Ind. (Oct. 30, 2012) - MacAllister Machinery Company, Inc., a distributor of new and used Caterpillar equipment, announced plans today to expand its operations here, creating up to 61 new jobs by 2016.
The home-grown Hoosier company will invest $8.9 million to equip and expand its existing 38,740 square-foot Washington facility by more than 50,000 additional square feet. The expansion, which is expected to be completed in fall of 2013, will house sales, parts and services for MacAllister's inventory of Caterpillar heavy and compact equipment as well as MacAllister Power Systems including Caterpillar generators.
"It always gives me great pleasure to see a homegrown company like MacAllister succeed in Indiana," said Governor Mitch Daniels. "MacAllister's continued investment in Indiana will lead to more jobs for hardworking Hoosiers and shows why our business climate is the best in the Midwest."
Established 67 years ago and solely owned by the MacAllister family, the company employs more than 750 associates at its 20 locations throughout Indiana. MacAllister, which is headquartered in Indianapolis, is one of the few distributors of Caterpillar parts and machinery in Indiana and serves customers in the heavy construction, coal, commercial and residential, government, construction, agriculture and power systems industries.
"MacAllister was founded in 1945 in Indiana and has deep roots in the Hoosier state, with 20 locations," said Chris MacAllister, president of MacAllister. "We continue to grow, and our presence in Washington for 28 years is based on the excellent local workforce that serves our mining customers 24/7. Centralizing component rebuild work from around the state in Washington leverages that excellent workforce and creates economies of scale."
MacAllister, which currently employs nearly 100 associates in Daviess County, plans to begin hiring additional management, service and customer service personnel to coincide with the completion of the expansion.
The Indiana Economic Development Corporation offered MacAllister Machinery Company, Inc. up to $700,000 in conditional tax credits and up to $100,000 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. Daviess County will consider additional property tax abatement at the request of the Daviess County Economic Development Corporation. Radius I Indiana is also supporting the project.
"We are excited and grateful to MacAllister for this investment in our community. The city is happy to help this expansion become a reality," said Washington Mayor Joe Wellman.
In 2010, MacAllister inked an agreement with Whayne Supply to serve as a Mirenco dealer in northern and central Indiana. Whayne Supply also recently announced plans to expand its operations in southwest Indiana. The CAT distributor will invest $2.45 million to add a new facility in Evansville, creating up to 50 new jobs over the next few years.
About MacAllister Machinery
MacAllister Machinery Co., Inc. is the exclusive Caterpillar dealer for most of Indiana. Established in 1945, privately owned by the MacAllister family with third generation leadership, MacAllister sells Caterpillar equipment as well as many other top 50 leading manufacturer brands including; AGCO, Claas, BlueBird, Kubota, Exmark, JLG, Miller, Honda, Allmand, Stihl, Pro-Tec and many more, providing an ever-expanding line of superior quality products, relevant services, and advanced technologies to an ever-expanding clientele and variety of customers. MacAllister has six full service locations in: Indianapolis, Fort Wayne, Lafayette, Terre Haute, South Bend, and Washington and accompanying MacAllister Rentals locations in Indianapolis, Bicknell, Bloomington, Columbus, Fishers, Fort Wayne, Greensburg, Lafayette, Muncie, Richmond and Terre Haute.
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.
Source: Indiana Economic Development Corp.