[r59] Rep. Smith: High Quality Jobs Headed to Columbus (8/17/2012)

Friday, August 17, 2012

Start Date: 8/17/2012 Start Time: 12:00 PM
End Date: 8/17/2012 End Time: 12:00 PM
STATEHOUSE – State Rep. Milo Smith (R-Columbus) is pleased to announce that Master Power Transmission (Master PT), a producer of industrial gearboxes, released their plans Thursday to expand operations in Columbus, generating up to 48 new high-quality jobs by 2016.

“It is my top priority to continue to incentivize and encourage businesses to locate in our community and hire a Hoosier workforce,” said Rep. Smith. “The economic policies that the General Assembly has put in place to build a stronger Indiana business climate continue to positively impact Hoosiers companies. I will continue to work towards getting more Hoosiers back to work.”

The Greenville, S.C.-based company has already taken steps in their plan by obtaining new manufacturing equipment to support added product expansion. In addition, Master PT will invest $3.6 million into its current 220,000 square-foot facility, located in Columbus, to recondition and equip an additional 30,000 square feet of manufacturing space.
"The Hoosier State competes for and wins competitive investment in southeast Indiana thanks to fiscal stability and a low-cost environment for business." said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.

Master PT currently employs 56 full-time workers in Columbus. The company has already begun interviewing and hiring new machinist and manufacturing associates. 

"As we grow our business, we are thrilled to have true partners in the city of Columbus and the state of Indiana. Their vision and support is an essential component of Master PT's plans to create jobs in Columbus," said Michael Cinquemani, owner and chief executive officer of Master PT. 

Conexus Indiana recently published the 2012 National Manufacturing and Logistics Report Card, in which Indiana's manufacturing industry was rated first in the nation in per capita manufacturing employment and received an overall 'A' grade.

Rep. Milo Smith (R-Columbus) represents part of Johnson and Bartholomew counties.

Rep. Smith Job Growth Announcement.docx