Major Tool & Machine, a leading engineering, fabrication and machining services company, recently announced it will expand its operations in Indianapolis, Ind.,, creating more than 50 new jobs. The family-owned company will invest $20 million to add 150,000 square feet of manufacturing space and automated production equipment to its eastside operations.
The expansion follows the company’s contract award to manufacture steel centrifuge casings for USEC’s new American Centrifuge Plant in Piketon, Ohio.
“The growth of our business and our partnership with the City of Indianapolis and the State of Indiana will allow Major Tool & Machine to increase our work force by 20 percent and double our operational space,” said J. Stephen Weyreter, president and chief executive officer of Major Tool & Machine. “This project greatly boosts our capabilities, efficiency and capacity.”
Major Tool will expand its Indianapolis presence adjacent to its current facility on the grounds of the former Ertel Manufacturing facility. Once a cornerstone of the Indianapolis community and economy, the Ertel facility closed in 2002 and fell into disrepair. A partnership between the City of Indianapolis and the Indiana Finance Authority’s Brownfields Program helped return the site to productive use and ready for Major Tool’s expansion.
“To allow for the business expansion, the city invested more than $3 million to clean-up a former brownfield site, a long-standing health and environmental concern for residents in the Martindale-Brightwood neighborhood,” said Mayor Bart Peterson.
The Indiana Economic Development Corp. offered Major Tool up to $620,000 in performance-based tax credits and up to $200,000 in training grants based on the company’s job creation plans. The State of Indiana will also provide a $37,140 grant to the City of Indianapolis to assist with off-site infrastructure improvements needed for the project. The City of Indianapolis will assist Major Tool in removing the existing building and with environmental remediation of the site.
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