HARTFORD CITY, Ind. (WOWO): A Michigan company is pumping more than $2.8 million into a Blackford County facility.
Mayco International of Sterling Heights, Michigan announced renovations to their Hartford City plant could create as many as 120 new jobs by 2016. The company designs and builds auto parts. The plant could be operational by February.
The company says this plant will supply sunshades and other items.
From Indiana Economic Development Corporation press release:
Mayco and its affiliates design, engineer, tool and manufacture products for original equipment manufacturers and other tier 1 automotive suppliers at its 47 facilities across seven countries. Specializing in the development and manufacturing of automotive parts for interior trim applications in Hartford City, the location aims to begin producing more light weight products for automotive applications. Mayco was named a finalist earlier this year for the Supplier of the Year Award for World Class Manufacturing from Chrysler Group LLC.
The Indiana Economic Development Corporation offered Mayco International, LLC up to $880,000 in conditional tax credits and up to $80,000 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. Hartford City approved additional incentives at the request of the Blackford County Economic Development Corporation.
“Hartford City is proud to be part of Mayco's global strategy,” said Hartford City Mayor Ben Hodgin. “The company's investment in real estate and equipment shows a strong long-term commitment to the Hartford City plant. We applaud Mayco's expansion as another example of companies succeeding and growing in Hartford City.”
