Timberland RV Co., which does business as Adventure Manufacturing Inc., will get government financial support in the form of a $70,000 grant from the Miami County Council in Indiana, the Peru Tribune reports.
The manufacturer of travel trailers and fifth-wheels will use County Economic Development Income Tax money to help fund a 20-acre expansion. Officials also plan to ask the Peru City Council for an equal contribution next month.
“This is a joint venture for the Peru City Council and Miami County Council,” Councilman Jim York said.
Timberland will not spend the grant money until after buying the farmland that is expected to become the site of the firm’s third plant, said Kean MacOwan, vice president of the company.
The farmland will cost around $200,000 and the property might also become the site for some Timberland subsidiaries, MacOwan added.
The new plant will create about 65 new jobs during its first year of operation, MacOwan said. By the end of the second year of operation, the factory is expected to employ at least 110 people, he said.