Companies Growing in Indiana

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Two manufacturers in the state have announced expansion plans. Cloverdale-based Scorpion Protective Coatings Inc. says it plans to nearly triple its work force, adding 25 jobs by 2018. Chase Plastic Services Inc., a company headquartered in Michigan, is looking to invest $5.8 million into a new South Bend storage and logistics facility that could create more than a dozen jobs. December 17, 2014

News Release

SOUTH BEND, Ind. - Chase Plastic Services, Inc., a specialty engineering thermoplastic stocking distributor, announced plans today to expand its operations here, creating up to 14 new jobs by 2017.

The Clarkston, Michigan-based company will invest $5.82 million to construct and equip a new 125,000 square-foot facility in South Bend. The facility, which will be fully operational by September 2015, will allow the company to expand its bulk storage space and enhance packaging and logistics capabilities by doubling its loading dock area.

"Strong infrastructure and a central location are part of what makes Indiana a hub for business logistics," said Eric Doden, president of the Indiana Economic Development Corporation. "Companies also find low taxes, less red tape and an elite workforce here, making the Crossroads of America a great choice for companies like Chase Plastics."

Chase Plastics plans to begin hiring for direct labor, material handling and mid-management positions in early 2015. Interested applicants may apply by visiting www.chaseplastics.com.

"After evaluating surrounding areas, we concluded that South Bend remains a logistical advantage for us to provide just-in-time and next-day delivery options to better serve our customers," said Kevin Chase, president of Chase Plastics. "Our strong commitment to our existing team members and the tremendous support offered by the city of South Bend and the state in their efforts to make it advantageous to stay in Indiana for the foreseeable future also played a large role in our decision to build there. We are excited about our opportunity to grow our business and increase our involvement in the community."

Founded in 1992, Chase Plastics is a full-service thermoplastic stocking distributor serving plastic processors throughout North and Central America. The company provides engineering expertise, technical service, application development assistance, blending, repacking, inventory management and logistics services. A member of the Manufacturers Association for Plastics Processors, Chase Plastics distributes more than 6,400 varieties of specialty, engineering and commodity thermoplastics from manufacturers and global suppliers in the industry. Chase Plastics won the 2012 Ernst and Young Entrepreneur of the Year award, and Crain’s Detroit Business has named Chase Plastics to its 2013 Private 200 and 2013 Fastest Growing Companies lists.

The Indiana Economic Development Corporation offered Chase Plastic Services, Inc. up to $114,000 in conditional tax credits based on the company's investment plans. The city of South Bend approved additional incentives at the request of the Chamber of Commerce of St. Joseph County.

"South Bend is a highly attractive location for distribution because of our proximity to the Great Lakes, excellent power and great access to rail and the interstate highway system," said South Bend Mayor Pete Buttigieg. "Chase Plastics knows the competitive advantage of choosing South Bend. We thank Chase for retaining and adding good paying jobs in our community, and look forward to growing with them in their future success."

Since 2005, Indiana has invested more than $1 billion per year in infrastructure improvements and will have repaired or replaced 1,070 bridges, constructed 65 new interchanges and resurfaced 6,350 miles of highway - nearly half of the state's inventory - by the end of 2015, according to the Indiana Department of Transportation.

About Chase Plastics

Chase Plastics distributes more than 6,400 varieties of specialty, engineering and commodity thermoplastics from the industry's leading manufacturers and global suppliers. In addition, Chase delivers engineering expertise, technical service, application development assistance, blending, repacking, inventory management and logistics services via a network of distribution centers, warehouses and sales locations throughout North and Central America.

Chase Plastics is redefining resin distribution with an approach to business that puts customer needs first. Formed in 1992, Chase Plastics has built its business on the ability to respond quickly with all of the flexibility and agility that its customers require. Based in Clarkston, Mich., Chase Plastics was founded by Kevin and Carole Chase, who serve as the company's president and vice president, respectively. Find more information at ChasePlastics.com.

About IEDC

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.

Dec. 16, 2014

News Release

CLOVERDALE, Ind. - Scorpion Protective Coatings, Inc., a manufacturer of specialty coatings, window films and truck bed liner systems, announced plans today to expand its headquarters here, creating up to 25 new jobs by 2018.

The homegrown Hoosier-company will invest $270,000 to construct and equip a new 2,115 square-foot addition and retrofit an 800 square-foot spray booth at its current 8,784 square-foot facility in Cloverdale. The facility, which will be fully operational by June 2016, will allow the company to optimize and expand operations and increase production capacity to support growth in the protective coating systems market for the automotive, industrial, military and consumer sectors.

"Indiana is on the fast track for economic growth, and Hoosier companies are the backbone of our success," said Eric Doden, president of the Indiana Economic Development Corporation. "Scorpion started in Indiana and continues to expand its operations right here at home, showing the business world what’s possible in a state that works."

Scorpion, which currently employs 13 full-time Indiana associates, plans to begin hiring for management and professional positions, as well as positions in logistics and distribution, manufacturing and customer care in May. Interested applicants may apply by emailing scorpion@scorpioncoatings.com.

"Scorpion appreciates all of the support it receives from the state of Indiana, the IEDC and the residents of Putnam County. As Scorpion continues to grow, we are honored to do so here in central Indiana," said Clayton Tomasino, chief executive officer of Scorpion. "We here at Scorpion relish the fact that we can accomplish all of the things we do from a 'barn on top of a hill.' Scorpion has always been located in Cloverdale and many of our employees went to school in the area growing up. Knowing that the state wants to support us in continued growth not only speaks well for Scorpion, but the local community as a whole."

Founded in 1996, Scorpion manufactures truck bed liners, window films and protective coating systems for the automotive, industrial, military and consumer markets. The company has more than 700 dealers nationwide, in addition to applicators in 20 countries,