Anderson-based Hy-Pro Filtration is planning to expand operations in the Madison County city. Our partners at The Herald Bulletin report the Anderson Board of Public Works has approved incentives for the company, which will invest $1.6 million in the project, creating 30 jobs.
The board approved a $50,000 incentive from food and beverage tax revenues for the company. Greg Winkler, executive director of the Anderson Economic Development Department, tells the publication the company is not requesting a tax abatement on new equipment as part of the expansion.
Winkler says the investment will allow for additional research and development by Hy-Pro, which manufactures and distributes filtration systems for industrial applications. It will also allow for the customization of filtration systems.
Hy-Pro Filtration was founded in Anderson in 1986 but later moved to Fishers. The company relocated back to Anderson in 2015 as part of a $10.5 million investment and currently employs about 100 workers. Hy-Pro was acquired by Minnesota-based Donaldson Co. last year.