Michigan-based Fisher Dynamics has announced plans to open its first Indiana operation in Evansville and create nearly 170 jobs by 2017. The seating system manufacturer will invest $14 million in the project. The company hopes to begin operations in May.
November 5, 2014
Evansville, Ind. — Fisher Dynamics, a division of Fisher & Co., announced plans today to establish its first Indiana operation here, creating up to 169 new jobs by 2017.
The St. Clair Shores, Michigan-headquartered company, which supplies engineered seating systems and mechanisms, will invest $13 million to lease, renovate and equip a 113,000 square-foot manufacturing facility at 2301 St. George Road in Evansville. With renovations slated to begin this December, Fisher Dynamics anticipates operations to begin May of 2015, allowing the company to expand its manufacturing and assembling production for front row seat structures.
“In Indiana, we know what it takes to help companies like Fisher Dynamics succeed,” said Governor Mike Pence. “From our pro-business environment to our hard-working Hoosier workforce, Indiana’s economy is on the move and our reputation continues to resonate across the nation and world as a state that works.”
Fisher Dynamics, which currently has 660 full-time employees across the country and 1,700 around the globe, plans to begin hiring technical and production employees in January 2015. Interested applicants can apply by emailing resumes to firstname.lastname@example.org.
“Fisher Dynamics is excited to announce the addition of a manufacturing plant in Evansville, Indiana,” said John Hrit, vice president of global operations of Fisher Dynamics. “The location of Evansville allows us to service our central U.S. customers. We look forward to working with the community of Evansville. The city has provided great support in the search for our new location.”
Founded in 1984, Fishers Dynamics manufactures automotive seating components, including armrests, headrests, latches and seat recliners. With global manufacturing operations in Mexico, China and Poland, as well as operations in Michigan and Texas, the company provides more than 30 million assembled mechanisms to dozens of customer plants and serves customers in the automotive industry across the globe, including General Motors.
The Indiana Economic Development Corporation offered Fisher & Company up to $1,250,000 in conditional tax credits and up to $100,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Evansville will consider additional tax incentives as the request of the Growth Alliance for Greater Evansville.
“Fisher Dynamics considered several sites before selecting Evansville as the best place to make a multi-million investment to grow the company for future success,” said Evansville Mayor Lloyd Winnecke. “The company will be hiring more than 160 employees over the next two years, with an economic impact of nearly $22 million a year. These are good paying jobs offering good benefits that will boost our economy and help the Tri-State region thrive.”
About Fisher Dynamics
Fisher & Company is the parent company for Fisher Dynamics, a seating-systems and mechanisms company and Fisher Dynamics Metal Forming, a safety-critical precision metal parts company. A family-owned business, Fisher & Company brings four generations of manufacturing experience to today’s industry challenges. Fisher Dynamics is the automotive industry’s premier supplier of seat mechanisms. They design and manufacture seat structures, recliners, latches, and specialty mechanisms for passenger vehicles with offices in North America, Mexico, Germany, India, and China.Company website: http://www.fisherco.com/
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
Source: Indiana Economic Development Corp.