Companies Expanding in Fremont

Posted: Updated:
Cardinal IG has had a presence in Fremont for 20 years. Cardinal IG has had a presence in Fremont for 20 years.
FREMONT -

The Fremont Town Council has approved tax abatements for two expansion projects in Steuben County. Cardinal IG Co. and Miller Waste Mills plan to invest a total of $5.7 million to add new equipment to their respective facilities.

Cardinal IG is a subsidiary of Minnesota-based Cardinal Glass Industries and makes insulating glass products. The Steuben County Economic Development Corp. says the company will invest $3.1 million to add new machinery and equipment to its Fremont facility.

The need for the new equipment is follows the company's previously-announced expansion, which resulted in 45 new jobs. The installation of the new equipment will not result in any additional jobs.

Miller Waste Mills plans to invest $1.5 million to add new machinery and expand into more of its facility. The Steuben County EDC says the expansion will create 10 additional jobs in Fremont.

The tax abatements for Cardinal IG and Miller will run for five years and four years, respectively.

  • Perspectives

    • "Wood" You Consider Investing in Timber?

      Looking for an untraditional way to diversify your traditional stock and fixed-income portfolio? If so, try thinking outside the typical realm of investable assets. Don’t know where to start? How about going against the “grain” and investing in timber? Why Trees? Investing in timber can yield a number of benefits. The main draw of having timber in your portfolio is its low, long-term correlation to traditional investments such as stocks and bonds. Low correlation...

    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

    • 1SI executives Matt Hall and Wendy Dant Chesser talked about the project on Inside INdiana Business.

      Momentum Building at 'Hot Spot' River Ridge

      As economic development officials in southeast Indiana welcomed news last week of Louisville-based PharmaCord's plans to invest $52 million and add up to 850 jobs at the River Ridge Commerce Center, they were quick to add there is more development on the horizon. River Ridge is a sprawling, 6,000 acre park located between Jeffersonville and Charlestown that was once home to the massive Indiana Army Ammunition plant and thousands of jobs. Today more than 50 companies call River...

    • (photo courtesy of Governor Eric Holcomb's office)

      Governor Meets with Ag Leaders on Delayed Planting

      Governor Eric Holcomb recently met with leaders from the state's agriculture sector regarding the impact of unusual weather conditions on farms and other ag businesses. The USDA says 84 percent of Indiana's corn crop and 64 percent of soybeans have been planted. Typically, both crops are at 100 percent planted by this time of the year.

    • (photo courtesy of Taylor University)

      Taylor University President to Resign

      The president of Taylor University is stepping down. The university's board of trustees says Paul Lowell Haines has resigned from the position and will leave the Upland campus August 15. A specific reason for Haines' resignation was not given, however the Board Chair Paige Cunningham noted the move was "neither solicited nor encouraged" by the board. Haines graduated from Taylor in 1975. He later held various positions at the university including vice president for...

    • "Wood" You Consider Investing in Timber?

      Looking for an untraditional way to diversify your traditional stock and fixed-income portfolio? If so, try thinking outside the typical realm of investable assets. Don’t know where to start? How about going against the “grain” and investing in timber? Why Trees? Investing in timber can yield a number of benefits. The main draw of having timber in your portfolio is its low, long-term correlation to traditional investments such as stocks and bonds. Low correlation...

    • Colts Name Overton As Producer

      The Indianapolis Colts have named Larra Overton as the team's new producer and on-air talent. Overton currently is a sports reporter and anchor for Fox59 WXIN/CBS4 WTTV. She will serve as producer for Colts Productions and will serve as the television sideline reporter for preseason broadcasts and radio sideline reporter for regular season games. Overton holds two degrees from Indiana University.