Michigan-based auto parts supplier Lear Corp. (NYSE: LEA) has officially moved its Hammond and Portage operations to a new 240,000-square-foot plant in Hammond. Our partners at The Times of Northwest Indiana report the $30 million seat manufacturing plant is double the size of the company’s previous factory in north Lake County.
Hammond offered the company $4 million in tax breaks in exchange for the investment and staying in the city. McDermott told the Times it was a “priority to retain one of the Hammond’s 10 largest employers.”
"It’s a huge facility. There are hundreds of cars in the parking lot," Hammond Mayor Thomas McDermott Jr. told the publication. "They wanted to be under one roof and we were always worried they could leave Hammond. But we kept them here, and it means a lot of jobs for Hammond residents. We kept the 600 jobs, and got a couple hundred more."
The facility broke ground in early 2017.
To read the full story from The Times of Northwest Indiana, click here.