Israeli Company Bringing Jobs to Indiana
The company plans to initially invest $16 million to renovate and equip the facility.
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowAn Israeli auto parts manufacturer is locating its first North American production facility in Richmond. Omen USA says the project could result in 100 new jobs by 2019.
The company plans to initially invest $16 million to renovate and equip the facility and begin operations by the end of the year. Omen says it will invest an additional $7 million by 2021. Workers at the plant will produce steering components, oil pumps and aluminum parts for American and German automotive manufacturers.
Indiana Secretary of Commerce Victor Smith joined company representatives today in Israel to make the announcement. Smith is part of a delegation of Indiana economic development and technology leaders attending the Cybertech 2016 conference in Tel Aviv. As part of that trip, the group is meeting with business and government leaders to strengthen the state’s relationship with Israel.
The Indiana Economic Development Corp. offered Omen USA up to $550,000 in conditional tax credits and training grants based on the job creation plans. Omen Casting Group Vice President of Business Development Gabi Rezinovsky says state and local support were important factors in deciding on Richmond for the facility.
Several Israel-based companies do business in Indiana, including Taditel, Resin Partners and Keter Plastics in Anderson as well as ACS Motion Control in Carmel and ICL Performance Products in Hammond. The IEDC says Indiana exported more than $90 million of merchandise to Israel in 2014.