Italian Company Picks Daleville For Continental HQ

Posted: Updated:
(Image courtesy of the Indiana Economic Development Corp.) (Image courtesy of the Indiana Economic Development Corp.)
DALEVILLE -

An Italian filter manufacturer is detailing plans to locate its North American headquarters in Delaware County. Filtrec S.p.A. says it will invest $1.3 million into a Daleville operation that could create 25 jobs by 2022. Governor Eric Holcomb announced the plans along with Delaware County and company officials during an economic development mission to Italy.

Initially, Filtrec says it will occupy 5,800 square-feet in Daleville and it intends to double or triple that presence within five years. Two employees have already been hired for Filtrec North America and the company says sales, quality, administrative, technical and executive positions are anticipated to be added by the end of next year.

Chief Executive Officer Sergio Modina said many factors led to Indiana to launch Filtrec's presence in North America. "For one thing, multiple well-known Italian companies have invested in Indiana, and those investments have proven successful," he said. "The exchange of information made us look deeply into selecting Indiana as a base for the United States. Being the Crossroads of America, Indiana has great roads, rail and air assets, which is ideal for Filtrec S.p.A. being the hub for Canada, Mexico and South America. In addition to all of that, while we considered this expansion as well as future manufacturing developments, the presence of existing key supplies located in and near Indiana was key, as was an experienced and available workforce."

Filtrec North America has been offered up to $275,000 in conditional tax incentives from the Indiana Economic Development Corp.

You can connect to more about the company's plans by clicking here.

  • Perspectives

    • Owe Taxes? What Went Wrong in 2018 and How to Survive It

      The 2018 tax filing deadline came and went. Whew! But for some Americans, the tax headache has just begun. This year was the first filing under the Tax Cuts and Jobs Act and while some taxpayers saw larger refunds others received a rude awakening. If you’re reeling from a large tax burden, this article is for you. The Root of the Problem Remember how excited you were when you received your first paycheck—followed by dismay when you saw how much was taken out for taxes.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Photo of Gary City Hall courtesy of the City of Gary

      McDermott Details Gary Retail Desert

      The city of Gary is facing challenges as it tries to rejuvenate retail business in the city. In an interview with our partners at The Times of Northwest Indiana, Aaron McDermott, president of Latitude Commercial Real Estate Services in Schererville, says the challenge is due to the perception, proximity and demographics associated with Gary. 

    • The Landing project involves redeveloping seven buildings and two parking lots into a mixed-use development.

      New Restaurant Concept Coming to The Landing

      The developers of a $34 million redevelopment project in downtown Fort Wayne have announced a new partnership. Cincinnati-based The Model Group says it is working with Cunningham Restaurant Group to bring a "new and unique" restaurant experience to The Landing.

    • Ball State Among '30 Best Online MBA Degree Programs'

      Ball State University’s Miller College of Business has been recognized as one of The 30 Best Online MBA Degree Programs by MBA Central. The website details 30 programs across the nation and praises Ball State’s program for its variety and affordability.

    • Ryan Wagoner

      Profit With a Purpose: The Rise of Social Impact Investing

      Social impact investing is a fast-growing sector driven by investors who want to use private capital to further the public good. This industry provides a unique opportunity for results-oriented social entrepreneurs to invest in businesses, funds and nonprofits with the intention of generating positive, measurable social change alongside financial return. By engaging in impact investing, investors can align their investment portfolios with their philanthropic priorities.

    • Lilly and Avidity Biosciences Announce Partnership

      Indianapolis-based Eli Lilly and Co. (NYSE: LLY) and Avidity Biosciences Inc. have announced a new partnership. The global licensing and research collaboration will work toward the discovery, development and commercialization of new medicines in immunology and other areas.