Statement as issued Wednesday by Indiana Economic Development Corporation:
COLUMBIA CITY, Ind. (March 13, 2013) – Governor Mike Pence joined executives from 80/20 Inc., a t-slotted aluminum components and framing provider, today to announce the company’s plans to expand its headquarters here, creating up to 97 new jobs by 2016.
The homegrown-Hoosier company, which designs and manufactures modular extruded aluminum framing for a variety of industrial and home-hobby applications, will invest $11 million to build an additional 31,000 square feet onto its existing 250,000 square-foot facility on its 38-acre Columbia City campus. Construction of the new addition, which will house a training auditorium and expanded office space, is expected to begin in April.
"While we continue to pursue the attraction of new business, it’s equally as important to maintain an environment that allows existing companies like 80/20 to prosper," said Pence. "80/20 was founded here and their trend of growth is proof that our economic climate, robust infrastructure and superior workforce make the Hoosier State work for business."
The company’s Whitley County campus is currently home to 329 full-time employees. 80/20 plans to begin filling new positions across the company later this spring. Interested applicants can apply at www.8020.net/careers.
"I love it here. Not only is this a great part of the country, but the central location of our business is very important. We’re right in the heart of the market and transportation of our product is key. We’ve experienced great support in Indiana and Whitley County as they foster the growth of manufacturing companies," said Don Wood, president and chief executive officer of 80/20.
Born in 1989 in a 3,000 square-foot space in Fort Wayne, the company moved to its Columbia City campus in 1996. 80/20’s modular aluminum framing components, known as "The Industrial Erector Set," are configured for safety enclosures, workstations, CNC equipment and exhibits among other uses.
The Indiana Economic Development Corporation offered 80/20 Inc. up to $650,000 in conditional tax credits and up to $75,000 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. Whitley County approved additional property tax abatement at the request of the Whitley County Economic Development Corporation.
"On behalf of the Whitley County Commissioners, I commend 80/20’s leadership for their ongoing commitment to our community and congratulate the entire 80/20 team for reaching this milestone," said Whitley County Commissioner George Schrumpf. "As this is the company’s sixth expansion since residing in Whitley County, 80/20 is indeed an architect of our community’s economic success."
80/20 recently launched a new high school educational initiative in partnership with Whitley County Consolidated Schools and Ivy Tech Corporate College. The project-based program is designed around the company’s Industrial Erector Set, emphasizing science, technology, engineering and mathematics (STEM) skills through blueprints and sketching, metallurgy, measurement systems, design concepts, industrial safety, teamwork and entrepreneurship. Currently 130 students from area schools are enrolled in the course.
Today’s announcement is 80/20’s third expansion in recent years. In 2011, the aluminum components provider made plans to invest $9.4 million to construct more than 90,000 square feet of additional manufacturing space at its Columbia City campus, adding 110 new jobs. Also, the company announced plans in 2008 to invest $5 million and create 40 new positions to expand manufacturing and distribution capabilities at the site.
About 80/20 Inc.
80/20 Inc. is the originator and the manufacturer of "The Industrial Erector Set", a modular aluminum framing system for every industry or application since 1989. From light to heavy-duty, 80/20 modular framing is a perfect solution for machine frames, guarding, enclosures, displays, workstations and the DIY home hobbyist. A catalog of over 6,000 products to choose from, design assistance and value-add support, 80/20 Inc. will ensure your project is completed to the highest standards. For more information about 80/20 Inc., visit www.8020.net.
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.