STATEHOUSE – State Representative Douglas Gutwein (R-Francesville) is pleased to announce that FRATCO, Inc. was recognized as one of Indiana’s 2013 ‘Companies to Watch.’ Located in Francesville, the company joined 32 other Hoosier businesses that distinguished themselves as outstanding job-creators and competitors in Indiana’s marketplace.
“I’m pleased that FRATCO manufacturing was recognized as a ‘Company to Watch’ as they continue to employ more Hoosiers in our community and lead by example in our competitive job-market,” said Rep. Gutwein. “It takes a combination of many things to bring the unemployment rate down; a tax climate favorable to job creation, a skilled workforce to fill available positions and companies like FRATCO, willing to expand and grow, are essential to that process.”
To receive the ‘Companies to Watch’ award, Hoosier businesses must employ at least six to 150 full-time workers and generate between $750,000 and $100 million in annual revenue. Presented by the Indiana Small Business Development Center, Indiana Economic Development Corporation and the Edward Lowe Foundation, 33 Hoosier businesses received the award and together were projected to create 345 new jobs this year and generate $422 million in revenue.
Family-owned since 1923, FRATCO, Inc. manufactures plastic pipes used for field or storm-water drainage systems. The company aims to maximize profit potential for local businesses by focusing on superior product quality to increase lifetime value and pipe instillation efficiency.
“Companies like FRATCO are the reason the manufacturing industry employs roughly 16 percent of the Hoosier workforce, which is the highest percentage in the nation,” said Rep. Gutwein. “This legislative session, we worked to strengthen Indiana’s pro-jobs environment so that businesses could thrive and grow, working to lower the unemployment rate to benefit Hoosier families.”
On Aug. 22, an awards ceremony will be held at the Indiana Roof Ballroom in Indianapolis honoring the 33 Hoosier businesses.
Visit www.fratco.com for more information on FRATCO, Inc. or www.companiestowatch.org for more information on the ‘Companies to Watch’ award.