Manufacturer Bringing Jobs to Marshall County

Posted: Updated:
Indiana Composites makes fiberglass components for the marine, RV and specialty vehicle markets. (photo courtesy IMP Holdings) Indiana Composites makes fiberglass components for the marine, RV and specialty vehicle markets. (photo courtesy IMP Holdings)
BOURBON -

A company that manufactures fiberglass components for the marine, RV and specialty vehicle markets has announced plans to establish operations in Bourbon. Indiana Composites LLC will move into a 75,000 square-foot facility, creating up to 198 jobs by 2019.

The company is a new venture and subsidiary of Angola-based IMP Holdings. Indiana Composites will invest $3.95 million to locate in Bourbon by purchasing, renovating and equipping the facility. Construction is expected to begin this month with some manufacturing operations beginning this spring. The facility is expected to be fully operational by early 2017.

"Indiana Composites’ decision to invest in Bourbon speaks well to our community’s dedicated workforce and the opportunities for businesses across Marshall County," said Kevin Overmyer, president of the Marshall County Commissioners. "The support to bring this project to fruition has been outstanding, and I’m glad that the Town of Bourbon is part of this company’s growth in Indiana."

The Indiana Economic Development Corp. says the company expects to begin hiring fiberglass technicians this month, with average salaries above the average wage in Marshall County. 

The IEDC has offered Indiana Composites up to $1 million in conditional tax credits and up to $40,000 in training grants based on the company's job creation plans. The company won't be eligible to claim those incentives until Hoosiers are hired. The town of Bourbon will also consider additional incentives.

  • Perspectives

    • How to Find a New Audience After Hitting a Marketing Plateau

      It may sound like a marketer’s dream scenario: efforts have proven to be so successful it appears a company has completely saturated their target audience. While it may be a good problem to have, it still may be a problem. Hitting a marketing plateau is an opportunity for companies in any industry to reevaluate, re-energize and come to the table with new ideas for better understanding existing customers and engaging new audiences.

    More

Events



  • Most Popular Stories

    • (image courtesy of The Times of Northwest Indiana)

      Crews Start Demolition of Carson's in Hammond

      The face of downtown retail in Hammond is changing once again with the demolition of Carson’s department store, the one-time the anchor of Woodmar Mall. Our partners at The Times of Northwest Indiana report excavating crews have started to demolish the last vestige of the shopping center which stood since the 1950s. 

    • (image courtesy of The Times of Northwest Indiana)

      U.S. Steel Cuts Jobs, Low Price Imports Partially to Blame

      Pittsburgh-based U.S. Steel has announced it will idle its tin mill operations in East Chicago, affecting nearly 300 workers, half of which will lose their jobs. Our partners at The Times of Northwest Indiana report U.S. Steel blames the layoffs on the Del Monte food company which announced its own mass layoffs. 

    • Raytheon Awarded Military Contracts

      The U.S. Department of Defense has awarded Raytheon Co. in Indianapolis multiple contracts, totaling approximately $96 million. The DoD is spending nearly $30 million on avionics systems testing and integration for the Navy and Air Force. 

    • Gas City Startup Helping Hemp Farmers

      Last month, it became legal for Hoosier farmers to grow hemp and a Gas City-based startup is being aggressive in being among the first to take advantage of market opportunities. Heartland Harvest Processing is helping farmers connect the new agricultural commodity to consumer products, including CBD. Founder and Chief Marketing Officer Chris Moorman says the first hemp harvest under the new law is expected to begin next month. In an interview with Business of Health...

    • Photo courtesy of the Honeywell Center

      Artist Residency Holds First Exhibition at Honeywell Center

      The Wabash International Artist Residency will feature two Hoosier artists in an exhibition from August through October at the Honeywell Center in Wabash. An opening reception showcasing still life ink drawings by Mary Ann Lawson and surrealistic oil paintings by Tom Colcord will take place August 11.