Kosciusko County, Ind. More jobs could be coming to Kosciusko County within the next few years. The Indiana Economic Development Corporation released the following statement:
OMCO, a manufacturer specializing in steel metal forming for the transportation industry, announced plans today to expand its operations here, creating up to 40 new jobs by 2016.
The Wickliffe, Ohio-based company will invest $6.7 million to renovate and equip its existing 85,000 square-foot facility in Pierceton, adding an additional 42,000 square-feet of functional manufacturing space by mid-2014. The expansion will allow OMCO to increase manufacturing capacity for its diversified customer base.
"Each component of the manufacturing process builds more than just a supply chain--it helps build our economy," said Eric Doden, president of the Indiana Economic Development Corporation. "With Indiana's skilled workforce and the support of our strong, pro-growth policies, we are witnessing extraordinary growth in advanced manufacturing. Companies find a competitive advantage here, so it's no wonder Indiana is known as a state that works."
OMCO, which currently employs more than 500 associates nationally, including more than 120 in Indiana, plans to begin hiring machine operators, maintenance associates, tool and die specialists and material handlers next year. Interested applicants may apply by visiting any Elwood Staffing location.
"After evaluating our most cost-effective options for a plant expansion, the Pierceton facility was chosen for a number of reasons," said Gary Schuster, president and chief executive officer of OMCO. "At the top of that list was the highly committed and talented workforce available to us in northern Indiana, along with the outstanding support we receive from the Pierceton community, its governing bodies and the state of Indiana."
Founded in 1955, OMCO is a custom roll former, producing highly engineered shapes primarily for the transportation industry at its Pierceton facility. The company, which operates two additional facilities in Phoenix, Ariz. and Wickliffe, Ohio, manufactures components for products ranging from truck bodies to office furniture, including solar panels used at the Indianapolis Motor Speedway.
The Indiana Economic Development Corporation offered OMCO up to $325,000 in conditional tax credits 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 town of Pierceton approved additional tax abatement at the request of the Kosciusko Economic Development Corporation.
"The town of Pierceton is pleased that OMCO has chosen Pierceton to expand its line of production," said Armando Espinoza, president of the Pierceton Town Council. "Over the past 25 years, OMCO has been an important employer to local residents. The town of Pierceton and Kosciusko County are proud that they chose Pierceton for this expansion."
Indiana is experiencing a manufacturing renaissance, according to an October report conducted by accounting firm Katz, Sapper & Miller LLP, in conjunction with Conexus Indiana, the Indiana Manufacturers Association and the Indiana University Kelley School of Business - Indianapolis. Over the last two years, more than 80 percent of Indiana manufacturers reported that their businesses are healthy or stable, with another 70 percent actively investing in capital and labor.
The photo above comes from their web site, OMCOform.com.