Connecticut-based Stanley Black & Decker Inc. (NYSE: SWK) has announced plans to expand its operations in Greenfield and create more than 130 jobs by 2018. The company says it will invest more than $7.5 million to renovate its facility in Hancock County, where it will produce corded power tools. The company says it will make products including screw guns, hammer drills, reciprocating saws and small angle grinders. The manufacturer says, when fully operational, the Hancock County facility will produce more than 1 million power tools each year.
Stanley Black & Decker's Greenfield facility's current products include flooring and industrial staples, coil nailers and pneumatic industrial tools. The company has six other Indiana operations, including the Stanley Security Solutions headquarters in Indianapolis.
The Indiana Economic Development Corp. has offered the company more than $800,000 in conditional tax credits and training grants. The Hancock County Economic Development Council and the city of Greenfield are working on additional incentives.
Greenfield Mayor Chuck Fewell says the expansion shows the city's “community commitment” to help local companies grow.
The company previously expanded in Greenfield in 2010. At the time, the manufacturer announced plans to consolidate operations from two other sites, including a Shelbyville location, to Hancock County. That move involved about 80 new jobs.
Stanley Black & Decker employs more than 1,300 workers in Indiana. It manufactures products ranging from power tools to electronic security at its locations throughout the United States. The company is currently hiring for various manufacturing positions. You can find more information on the openings by clicking here.
Sources: Inside INdiana Business, Indiana Economic Development Corp.