Manufacturer Details Muncie Expansion

Posted: Updated:
(photo courtesy of Magna Powertrain) (photo courtesy of Magna Powertrain)
MUNCIE -

Michigan-based Magna Powertrain of America has announced plans to expand its operations in Muncie. The Muncie-Delaware County Economic Development Alliance says the automotive parts and systems supplier will invest $9.3 million to add new equipment to its 200,000-square-foot MPT Muncie facility and create 50 full-time jobs.

The company says the addition of the new equipment will support increased business. The installation of the equipment is expected to be complete by April 2020.

The Delaware County Council has approved a 10-year tax abatement for the project at the request of the EDA.

"Magna has been a proud member of the community since 2006," said Stephen Brand, general manager of MPT Muncie. "The project approved by the Council today is evidence of our commitment to the community and our employees. By planning to create 50 new jobs and invest $9.3 million in personal property, Magna will grow and further solidify its presence in the community."

The company currently employs more than 460 at the MPT Muncie facility. The new jobs are expected to come with an average wage above the county average for manufacturing.

  • Perspectives

    • Encourage New College Graduates to Explore Careers Locally

      Summertime is my favorite time of year, with all of the outdoor events, concerts and activities in and around Indianapolis. Summer is also a pivotal time of year for thousands of Indiana college graduates as they look forward to moving into the next phase of their adult lives. For many college graduates, the next step after graduation is starting a career. Many graduates from Indiana colleges and universities have also grown up in Indiana. Now they want a change. Perhaps the lure of...

    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 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...

    • Plans for the land-based casino were announced in November 2015.

      Hoosier Casino Parents Announce Major Merger

      The Nevada-based parents of several Indiana casinos have announced plans to merge. Eldorado Resorts Inc. (Nasdaq: ERI) says it will acquire the outstanding shares of Caesars Entertainment Corp. (Nasdaq: CZR) in a deal valued at more than $17 billion. Eldorado owns the Tropicana Evansville casino, while Caesars owns the Horseshoe casinos in Hammond and Harrison County, as well as Indiana Grand Racing & Casino in Shelbyville and Hoosier Park Racing & Casino in Anderson.

    • Franciscan Health Details Data Breach

      Mishawaka-based Franciscan Health is providing details of a data breach. The health system says an internal investigation found one of its employees accessed the protected health information of about 2,200 patients "without a business reason."  Franciscan says the vast majority of the affected medical records was limited to demographic information such as name, address, email address, date of birth, phone number, gender, race/ethnicity, the last four digits of...

    • Indy to Host National League of Cities Meeting

      Hundreds of Leading Mayors, Councilmembers from Across America Convene in Indianapolis for National League of Cities Meeting Indianapolis will host nearly 300 mayors, councilmembers and other local leaders from across the country for the National League of Cities 2019 Summer Board & Leadership Meeting.

    • (photo courtesy of the Indiana Attorney General's office)

      Hill Joins Multistate Crackdown on Robocalls

      Indiana Attorney General Curtis Hill joined officials from the Federal Trade Commission today to announce a new initiative to crack down on illegal robocalls. "Operation Call it Quits" is a joint effort involving the FTC and more than two dozen federal, state and local agencies who have brought more than 90 actions targeting robocall operations throughout the country. The initiative also includes new information to help educate consumers about illegal robocalls and how to...