According to the Indiana Economic Development Corporation (IEDC), Michelin North America Inc. is expanding its BFGoodrich Tire manufacturing facility through a $50 million investment to increase its production capacity. The company designs, manufactures, and markets for all types of vehicles, bicycles, and heavy equipment. In 2010, Indiana was 7th in the nation for private sector job growth at nearly double the national rate and ranks 6th nationally in Area Development magazine's Top States for Doing Business study. This expansion is further evidence of Governor Daniels' advocacy for pro-growth, business friendly legislation and the impact of the General Assembly's work to put Hoosiers back to work. "The expansion of Michelin North America Inc. is a welcoming addition to the city of Woodburn," Rep. Matt Lehman stated. "Continued growth of economic entities in District 79 will continue to create jobs and have a positive impact on Indiana as a whole." The Woodburn facility currently employs more than 1,500 associates and is looking to hire new manufacturing, maintenance and supervisory associates to operate the expansion. The IEDC offered Michelin North America up to $250,000 in training grants based on the company's job creation plan. Indiana has remained a very hospitable place to do to business fostering an environment that is conducive for business expansion. Since January 2005, 1,013 businesses have chosen to call Indiana home and have added more than 122,288 jobs. "Michelin's expansion is an encouraging sign for Northeast Indiana as we continue to climb out of the recession," stated Rep. Matt Lehman. "I remain optimistic for continued job creation. We must provide incentives welcoming businesses to locate in Indiana so Hoosiers can get back to work." |
