Minnesota Company to Bring Operations to BristolPosted: Updated:
A Minnesota-based portable sanitation equipment supplier is adding jobs in Elkhart County. Satellite Industries Inc. will invest nearly $7 million to establish operations in Bristol and add 70 jobs by 2017.
February 7, 2014
Bristol, Ind. -- Satellite Industries, Inc., a global supplier of portable sanitation equipment, announced plans today to locate operations here, creating up to 70 new jobs by 2017.
"If you're looking to build something, hire a Hoosier," said Governor Mike Pence. "Indiana remains a manufacturing powerhouse, with more manufacturing jobs as a portion of our private sector than any other state. International companies like Satellite have a world of choices. Yet, they continue to choose Indiana for growth, where they find a low cost of doing business and a highly skilled workforce right here at the crossroads of America."
The company, which has U.S. headquarters in Minnesota and European headquarters in Belgium, will invest $6.9 million over a number of years to establish distribution and manufacturing operations in Indiana. Expanding its operations in two phases, the first phase will consist of leasing and equipping a 13,000 square-foot facility in Elkhart. For the second phase of expansion, Satellite will construct and equip a 106,000 square-foot manufacturing facility on a 22-acre campus in Bristol and, upon its completion this August, will move all central distribution operations to this location. Satellite will begin hiring warehouse management, assembly, warehouse and office administration positions this spring.
"Indiana has always attracted us due to its central location to a majority of the U.S. population, easy access off main interstates, a manufacturing oriented workforce and competitive wages and tax incentives," said John Babcock, chief financial officer of Satellite. "The specific location we selected is in the heart of the RV and trailer manufacturing, which compliments the product lines that we manufacture."
Founded in 1958, Satellite supplies products to the portable sanitation industry, with products including restrooms, trucks, deodorizers and restroom trailers. The company serves customers in more than 125 countries, including Belgium, France, Spain, United Kingdom, Hong Kong and Japan. In 2011, Satellite was selected as one of the top 100 companies to receive the PM100 award, which honors manufacturing companies that have transformed themselves through the use of information technology.
The Indiana Economic Development Corporation offered Satellite Industries, Inc. up to $675,000 in conditional tax credits 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 town of Bristol approved additional tax abatement at the request of the Economic Development Corporation of Elkhart County.
"We look forward to having Satellite Industries as part of our business community," said Cathy Burke, president of the Bristol Town Council.
Satellite is the latest company to choose northeast Indiana as the best place to grow its business. At the start of the year, scrap metal recycling company MetalX also announced plans to invest $12. 4 million to locate a new facility in Auburn, creating up to 80 new jobs.
About Satellite Industries
Satellite Industries is the world's largest single stop provider of portable sanitation equipment, service trucks deodorizers and restroom trailers. We sell our products in over 125 countries worldwide and have been in business for over 50 years.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president 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.