Mid-West Metal Products to Construct New Facility in Delaware County
Muncie, IN (March 23, 2011) Mid-West Metal Products, a fabricated wire and sheet metal manufacturing company will be investing over $6 million in new equipment and real estate improvements within the ABB Community Revitalization Enhancement District (CReED) adjacent to the Industria Centre Industrial Park. This is the second major investment in the ABB CReED District in the last 5 months. A new 150,660 square foot office and manufacturing facility will be constructed at 23rd Street and Cowan Road and will result in the retention of 44 jobs and $2.8 million in annual payroll.
Mid-West Metal President Steve Smith said the new facility will consolidate their existing corporate office building on Jackson Street and a second warehousing operation in the downtown Industrial Center. “We looked at many options in Indiana and surrounding areas but, with the assistance of the Indiana Economic Development Corporation, local government, and the Economic Development Alliance, it became an easy choice to stay and expand our presence in Delaware County,” added Smith.
The Delaware County government entities approved $1.2 million in tax increment financing (TIF) and tax abatement. “The Commissioners remain committed to supporting economic development projects that create and retain jobs. This project certainly matches that objective”, said Todd Donati President of the Delaware County Commission.
“Business retention is an important component of our economic development program,” said Terry Murphy, Vice President, Economic Development for the Muncie-Delaware County Economic Development Alliance. “Mid-West Metal is a major employer with a long history in Delaware County and this investment shows a continued desire to retain jobs and grow within the community,” added Murphy.
“The importance of local business ownership to a community cannot be overemphasized,” noted Jay Julian, President and CEO of the Muncie-Delaware County Chamber of Commerce. “Mid-West is a key corporate citizen.”