Here's the news release: HOBART, Ind. (Nov. 19, 2012) - ITR America, LLC (ITR), a heavy machinery equipment parts distributor, announced plans today to expand its headquarters here, creating up to 20 new jobs by 2014.
The Hobart-headquartered company will invest $6.2 million to build a 100,000 square-foot facility on eight acres in the North Wind Crossing Business Park, a state certified shovel ready site in Lake County. As part of the project, ITR will purchase new distribution equipment for the facility, which will be fully operational in 2014.
"For ITR to choose to grow its headquarters in our state over all other options is a testament to the fine workers and compelling business environment Indiana has to offer," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "I know the entire Hobart community is celebrating these new opportunities."
ITR, which currently employs 20 full-time associates in Hobart and 180 across North America, plans to begin hiring additional manufacturing and material handling employees next year.
"Our decision to expand our new operations in Hobart is due to the proven results that we have seen and the great experience and success we have enjoyed in the area," said Brett Clemens, president of ITR. "With this expansion, we can continue to provide fast and efficient delivery of ITR products to our customers while enjoying the benefits of working in a business-friendly city, county and state."
Founded in 2006 by parent-company USCO, ITR supplies undercarriage, repair parts, ground engaging tools, rubber track and asphalt paver parts to the heavy machinery industry. With facilities located in Mississippi, Texas, New York, Georgia, California and Nevada, ITR services a wide variety of original equipment manufacturers, dealers and service organizations throughout North America.
The Indiana Economic Development Corporation offered ITR America, LLC up to $125,000 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 city of Hobart approved additional property tax abatement at the request of the Hobart Redevelopment Commission.
"The city of Hobart is pleased that ITR decided to make this significant investment in their new facility," said Hobart Mayor Brian Snedecor. "The company had been a tenant in the North Wind Crossing Business Park but will now become a building owner which is evidence of their satisfaction. The additional new jobs will benefit Hobart and the region."
ITR joins 17 other companies that have committed to locating or growing their operations in northwest Indiana this year, accounting for more than 600 projected new jobs and more than $156 million in capital investment.
ITR America LLC is one of North America's leading distributors of Undercarriage, Rubber Tracks, GET, Repair Components and Paver parts. Established in 2006, and headquartered in Hobart, Indiana, ITR operates nationwide distribution facilities servicing original equipment manufacturers and dealers of earthmoving equipment.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer 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
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