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Indiana Flame Service (IFS), a technology services contractor, announced plans today to expand its operations here, creating up to 24 new jobs by 2015.
The company will invest $14 million to upgrade technology and equipment at its Burns Harbor and Gary operations. In addition, IFS plans to relocate a portion of its research and development from Fresse Sur Moselle, France to Burns Harbor.
"Indiana has worked hard to create a competitive business climate that encourages companies to invest in the Hoosier State," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "The decision by IFS to grow its business in northwest Indiana is yet another sign that our efforts are paying off and creating jobs for hard working Hoosiers."
Founded in 2003 as a subsidiary of Edw. C. Levy Co., IFS designs and installs patented steel slab cutting and conditioning equipment for the automotive, manufacturing, green energy and military sectors. The company, which employs 42 Hoosiers at its five facilities in Gary and Burns Harbor, plans to begin hiring additional maintenance and production associates in Burns Harbor next year.
"We are grateful to the state of Indiana for assisting us in our plans to further educate our workforce and support our expansion plans. We are proud to be a part of the vibrant and growing business community and look forward to many more years of providing job opportunities for area residents," said Eliot Weiner, director of IFS.
The Indiana Economic Development Corporation offered Indiana Flame Service up to $240,000 in training grants based on the company's training and job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The town of Burns Harbor will consider additional property tax abatement at the request of the Duneland Economic Development Company.
"The town of Burns Harbor is glad to have IFS investing in our area," said Jeff Freeze, a member of the Burns Harbor town council. "The creation of local job opportunities is exciting and we look forward to being a good partner in helping IFS achieve their corporate goals. This kind of economic development is possible because of a good business environment here in Indiana."
IFS is the latest company to make plans to locate or expand operations in northwest Indiana. Selected Furniture, ITR America, Huhtamaki and Paul Wurth are just a few of the 25 companies that have made plans to grow in northwest Indiana this year alone, investing more than $187 million and creating more than 1,300 projected new jobs.
Indiana Flame Service supplies torches, equipment, and outsourced flame services for the steel industry through Levy's international family of companies. The company develops, designs, and delivers proprietary systems delivered as mill services and has implemented many "Leading Edge" flame projects. Indiana Flame Service has deep experience in implementing burrless slab cutting systems that provide significant cost savings and improved slab quality to its customers.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.