Fort Wayne Metals Expanding In Allen County; Adding 300+ Jobs
FORT WAYNE, Ind. -- Over 300 jobs are coming to Fort Wayne.
Fort Wayne Metals, which produces wire, strands and cables for medical devises used by hospitals, says they're expanding their operation in Allen County, which will create 337 new jobs over the next three years.
“Indiana has earned a reputation as one of the world’s leading medical device hubs,” Governor Eric J. Holcomb said. “Every day, Hoosiers are at work developing new life-saving solutions, and I’m excited to see that trend continue with the growth of our life sciences sector and industry-leading firms like Fort Wayne Metals.”
The company is investing $51.1 million to expand and enhance its northeast Indiana operations. As part of the investment, Fort Wayne Metals is also planning to build a two-story, 40,000-square-foot addition to its current facility in Fort Wayne. With construction scheduled to begin in 2017, the project will increase the company's production capacity for precision wire and wire-based components for the medical device industry and other critical applications.
“As we continue to be innovative leaders of life-saving, high-quality material solutions, we are experiencing a global increase in demand”, said Troy Linder chief financial officer of Fort Wayne Metals. “Our investment in facilities and people will help build the infrastructure necessary to meet this demand, and we are excited to be able to partner with the IEDC and Greater Fort Wayne Inc. to continue to expand our footprint in Fort Wayne”.
Fort Wayne Metals already employee over 800 workers in northeast Indiana.
“I continue to be encouraged by the job growth and private investment we’re experiencing in our community,” said Fort Wayne Mayor Tom Henry. “Their decision to expand and add hundreds of new jobs is another example of the positive momentum we’re seeing in Fort Wayne.”
The Indiana Economic Development Corporation (IEDC) offered Fort Wayne Metals up to $84,000 in training grants and up to $3,449,000 in conditional tax credits based on the company’s job creation and investment plans.
(PHOTO: Alex Wong/Getty Images)