updated: 9/3/2014 8:45:17 AM

Momentum Continues in Jeffersonville

InsideINdianaBusiness.com Report

The River Ridge Commerce Center in Jeffersonville has attracted another major investment. An Illinois-based auto parts supplier is planning a new operation that could create more than 250 jobs by 2017. Tenneco Inc. (NYSE: TEN) will begin producing emission control technology for companies including General Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F) in January. The announcement marks another win for the southeast Indiana city. Earlier this year Swiss auto manufacturer Autoneum and Delaco Kasle Processing Indiana detailed expansions involving a total of more than 300 jobs.

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September 3, 2014

News Release

JEFFERSONVILLE, Ind. - Tenneco Inc. (NYSE: TEN), a global vehicle parts supplier, announced plans today to locate a new Clean Air facility here, creating up to 253 new jobs by 2017.

The Lake Forest, Ill.-based company will lease, upgrade and equip a 150,000 square-foot facility at the America Place Business Park at the River Ridge Commerce Center in Jeffersonville. With building improvements currently underway, Tenneco expects to begin its Jeffersonville operations by January 2015, producing emission control products such as catalytic converters and clean air systems for customers including Ford and General Motors.

"Indiana has earned a reputation on the global stage as the location of choice for international companies like Tenneco to invest and create jobs," said Governor Mike Pence. "The tremendous growth this company continues to experience in Indiana illustrates the success of our outstanding workforce and pro-growth policies."

Today's announcement marks Tenneco's second Indiana expansion in recent years. In November 2012, the company announced plans to add 105 new jobs at its Ligonier facility to accommodate increased demand for its emission control parts for Chrysler. The company has since exceeded that goal, adding 350 new associates at this location.

Tenneco currently employs approximately 1,200 full-time employees in Indiana, including at facilities in Angola, Elkhart and Ligonier, and 26,000 employees worldwide. In Jeffersonville, the company plans to begin hiring in mid-September. Interested applicants may visit Indiana Career Connect at www.indianacareerconnect.com to view a full list of open positions and apply for a job.

"Tenneco is excited to continue to bring new business and new jobs to the state of Indiana," said Steve Grilly, executive director of operations at Tenneco, Clean Air. "We thank both the state and the city of Jeffersonville for their support in helping us open our newest Clean Air facility."

The Indiana Economic Development Corporation offered Tenneco up to $1,325,000 in conditional tax credits and up to $119,000 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. River Ridge Development Authority approved an additional property tax abatement at the request of One Southern Indiana.

"It's a great day for the city of Jeffersonville," said Jeffersonville Mayor Mike Moore. "The news that Tenneco, a Fortune 500, Tier 1 auto parts manufacturer, has chosen our city as the place they believe will be the most advantageous to their success is fantastic."

Growing companies continue to recognize Indiana as a prime location for their expansions. Earlier this year, Delaco Kasle Processing Indiana, a processor of exposed and unexposed aluminum and steel blanks, also chose Jeffersonville for a new facility, announcing plans to create 105 new Indiana jobs in the coming years.

About Tenneco

Tenneco is an $8 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 26,000 employees worldwide. Tenneco is one of the world’s largest designers, manufacturers and marketers of clean air and ride performance products and systems for automotive and commercial vehicle original equipment markets and the aftermarket. Tenneco’s principal brand names are Monroe, Walker, XNOx and Clevite Elastomer.

About IEDC

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: The Indiana Economic Development Corp.

September 3, 2014

News Release

JEFFERSONVILLE, Ind. - One Southern Indiana (1si) announced today Tenneco Inc. (NYSE: TEN), a global vehicle parts supplier, expects to begin operations in Jeffersonville by January 2015. Final facility improvements are currently underway at the company's custom built 150,000 square foot clean air facility at America Place in the River Ridge Commerce Center.
Once renovations are complete, Tenneco will be producing emission control products, such as catalytic converters and clean air systems, for customers including Ford and General Motors. By 2017, the facility will be employing more than 250 individuals. Tenneco plans to begin hiring in mid-September. Interested applicants may visit Indiana Career Connect at www.indianacareerconnect.com to view a full list of open positions and to apply for a job.

Today's announcement marks Tenneco's second Indiana expansion in recent years. In November 2012, the company announced plans to add 105 new jobs at its Ligonier, Ind., facility to accommodate increased demand for its emission control parts for Chrysler. The company has since exceeded that goal, adding 350 new associates at that location. Tenneco currently employs approximately 1,200 full-time employees in Indiana, including facilities in Angola, Elkhart and Ligonier, and 26,000 employees worldwide.

"Tenneco is excited to continue to bring new business and new jobs to the State of Indiana," said Steve Grilly, Tenneco executive director of operations, clean air. "We thank both the state and the City of Jeffersonville for their support in helping us open our newest clean air facility."

The Indiana Economic Development Corporation offered Tenneco up to $1,325,000 in conditional tax credits and up to $119,000 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.

"Indiana has earned a reputation on the global stage as the location of choice for international companies like Tenneco to invest and create jobs," said Governor Mike Pence. "The tremendous growth this company continues to experience in Indiana illustrates the success of our outstanding workforce and pro-growth policies."

The River Ridge Development Authority approved an additional property tax abatement at the request of 1si.

"It's a great day for the City of Jeffersonville. The news that Tenneco, a Fortune 500, Tier 1 auto parts manufacturer, has chosen our city as the place they believe will be the most advantageous to their success is fantastic," said Jeffersonville Mayor Mike Moore.
"This is an excellent partnership for both Tenneco and Southern Indiana. For the leadership of this dynamic company to believe a significant key to their own future success exists in our region speaks volumes about what we offer here in Clark and Floyd counties," said Wendy Dant Chesser, President and CEO of 1si. "The benefits Southern Indiana gains with Tenneco's decision to locate here are also significant and on behalf of all 1si members and investors, I want to welcome Tenneco as Southern Indiana’s newest corporate citizen."

About Tenneco Inc.

Tenneco is an $8 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 26,000 employees worldwide. Tenneco is one of the world’s largest designers, manufacturers and marketers of clean air and ride performance products and systems for automotive and commercial vehicle original equipment markets and the aftermarket. Tenneco's principal brand names are Monroe, Walker, XNOx and Clevite Elastomer. For more information on Tenneco: www.tenneco.com

About One Southern Indiana:

One Southern Indiana (1si) was formed in July of 2006 as the economic development organization and chamber of commerce serving Clark and Floyd counties. 1si’s mission is to provide the connections, resources and services that help businesses innovate and thrive in the Southern Indiana / Louisville metro area.

Since its inception, the organization has evolved to include a three-prong approach to serve its members and investors. Business Resources, as the chamber side of the organization, encompasses membership, signature events and programs which support and encourage business growth; Economic Development works to grow the regional economy through the attraction of new commerce and assists with retention and expansion of existing businesses; Advocacy supports businesses at the government level by engaging in the initiatives to preserve, protect and promote a business friendly environment free of obstacles to growth and development of commerce. For more information on One Southern Indiana: www.1si.org

Source: One Southern Indiana

September 3, 2014

News Release

JEFFERSONVILLE, Ind. - America Place, a leading commercial real estate developer in the Louisville-Southern Indiana region, welcomes automotive supplier Tenneco Inc. to its new home on the expanding America Place campus at River Ridge Commerce Center.

Tenneco announced today that it has leased a 150,000-square-foot building on the America Place campus, where it will initially employ more than 250 workers. The building is designed for expansion as Tenneco's local operations grow.

America Place, a leading real estate development company for more than 30 years, has already begun construction on an adjacent building more than one-and-a-half times the size of Tenneco's initial facility.

America Place is investing $75 million to $100 million to develop at least four more buildings on its 86-acre campus to meet the growing demand for logistics-driven manufacturing facilities. When completed, the campus will include more than 1 million square feet and serve as home to employers with about 2,500 jobs.

"We're betting on the bridges to drive more and more investment to the Louisville-Southern Indiana region," said Debbie Smith, managing director of America Place. "The companies that we’re talking with see the advantages of strategically locating their facilities in the heart of America on a campus near the landing of the new East End Bridge."

A great start

Having a leading company like Tenneco invest in the region validates the strategy to support local growth of manufacturing and logistics companies.

Tenneco Inc. (NYSE: TEN) is an $8 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 26,000 employees worldwide. Tenneco is one of the world's largest designers, manufacturers and marketers of clean air and ride performance products and systems for automotive and commercial vehicle original equipment markets and the aftermarket. Tenneco's principal brand names are Monroe, Walker, XNOx and Clevite Elastomer.

"Bringing a well-respected, Fortune 500 firm to the area is a major victory for our entire economic development team," Smith said. “Tenneco’s commitment to grow jobs here is evidence that our own investment in developing homes for logistics and manufacturing companies is paying off. The leaders at Tenneco recognized the significant benefits of locating their manufacturing plant just two miles from the East End Bridge. The new span will open the corridor between Southern Indiana and points east of Louisville, speeding the delivery of parts and supplies."

America Place compliments Indiana Gov. Steve Pence, the Indiana Economic Development Corp., Jeffersonville Mayor Mike Moore, and officials at One Southern Indiana and River Ridge Commerce Center for their combined efforts to meet Tenneco's needs.

"Like any major economic development victory, this required a team effort," Smith added. "For more than a year, our team and our partners have worked closely with Tenneco to build a strong bond that we expect to provide long-lasting benefits to our community."

About America Place

-A leading commercial real estate company with more than 30 years of experience developing and managing properties
-Owns and/or manages more than 2 million square feet of industrial and commercial real estate
-Has developed numerous office and commercial properties through its Louisville Public Warehouse and Kaden Cos. arms
-Started construction last year on the America Place campus at the intersection of Trey Street and Salem Road, which will become a main artery linking logistics-related businesses and manufacturers to the East End Bridge. The campus is centrally located within one day’s drive of 80 percent of the U.S. population.

Source: America Place

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