Novae Corp., North America’s third largest utility trailer manufacturer, announced plans today (April 22) to expand its operations in Markle, Ind., creating up to 75 new jobs by 2016.
The homegrown-Hoosier company will invest $5.9 million to construct and equip a 73,000-square-foot facility at the Markle Industrial Park, a state-certified shovel ready site, which will be its fourth manufacturing facility in northeast Indiana since 2005. The new operation will be online and fully functional by November.
“Indiana is leading the charge for job creation, with companies both at home and abroad finding the perfect business climate here for growth and opportunity,” said Eric Doden, president of the Indiana Economic Development Corporation (IEDC) in a news release. “Companies like Novae know from experience that Indiana is a state that works, complete with the skilled manufacturing workforce and affordable cost of doing business they need to succeed.”
Today’s announcement continues Novae’s growth in northeast Indiana. In 2010, the company made plans to invest $686,000 to purchase, redevelop and equip a 150,000-square-foot facility in Columbia City, creating up to 20 jobs by 2013. The company has since exceeded that goal, currently with approximately 350 full-time Indiana associates. Novae plans to begin hiring CDL drivers, welders, painters, assembly personnel, administrative and management professionals for its new Markle facility in July.
“We chose Indiana again because of the overwhelmingly compelling value we see in pro-business minded government and in the dedicated and productive workforce that is readily available,” said Mike Bermes, president and chief business development officer of Novae. “Government officials at every level here realize their role in serving the people of Indiana by helping create an environment where businesses can thrive. These facts coupled with Indiana’s commitment to infrastructure and our geographic proximity make it hard to beat Indiana.”