German Company Announces Indiana InvestmentPosted: Updated:
An agribusiness equipment manufacturer from Germany is launching its first company-owned U.S. operation in Wells County. HALDRUP USA plans to pump $13 million into a new facility at the Ossian Industrial Park and create more than 60 jobs by 2017. October 13, 2014
OSSIAN, Ind. - HALDRUP USA, an international field research equipment manufacturer, announced plans today to locate its first company-owned U.S. operations here, creating up to 65 new jobs by 2017.
The Germany-based company will invest $13 million to build a new 24,000 square-foot facility at the Ossian Industrial Park, comprised of 4,000 square feet of offices and light storage and a 20,000 square-foot manufacturing floor. With plans to break ground this month and begin operations immediately in a leased location nearby, the company plans to increase its U.S. production to match the scope of its European operations within the next five to seven years.
"Another German investment in Indiana means our economy is growing and more jobs are coming to the Hoosier State," said Governor Mike Pence. "German companies like HALDRUP thrive here because our workforce is a lot like the German workforce - hardworking and skilled in manufacturing. Add in Indiana's strategic Midwest location and affordable cost of doing business, and German companies find what they need to thrive in Indiana."
HALDRUP, which currently employs approximately 167 associates worldwide, has already begun hiring for sales, clerical, field service, technical service, engineering, manufacturing and logistics positions in Indiana. Interested applicants may apply by emailing a resume with cover letter to email@example.com.
"Ultimately, we chose Indiana because of its low tax climate and pro-business policies," said Phillip Stoller, vice president of HALDRUP USA "We also think the state's emphasis on creating healthy families is an investment in creating productive employees."
Founded in 1972, HALDRUP designs custom field research equipment. With equipment designed from the ground up, the company's systems keep grain together during the threshing process for small plots, aiding universities, agribusinesses and independent service providers in agricultural research. Following German design and American manufacturing processes, the company is targeting to have all HALDRUP field research equipment sold in the U.S., Canada and South America built in Indiana within the next five years.
The Indiana Economic Development Corporation offered HALDRUP USA up to $645,000 in conditional tax credits and up to $200,000 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. Wells County and the Ossian Redevelopment Corporation will consider additional incentives at the request of Wells County Economic Development.
"HALDRUP's joining our community is excellent news for Ossian and all of Wells County," said Brad Pursley, president of the Ossian Town Council. "This is exactly what can happen when Ossian, Wells County, the Northeast Indiana Regional Partnership and the state of Indiana join forces to attract this new industry!"
Of all the countries in the world, Germany is Indiana's third largest source of foreign investment and employment. In April, Governor Pence led a targeted-job hunting trip to Germany to meet with German companies that currently have operations in Indiana as well as prospective companies considering future investments in the Hoosier State.
HALDRUP stands for more than 40 years of experience in special machinery for field research, a full line from seeding to harvesting and beyond. We are a reliable, innovative partner who, thanks to our competent developments, supports you in your success in seeding and harvesting. For more information about HALDRUP, visit www.haldrup.net/en/.
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: The Indiana Economic Development Corp.