Business News

Print

GKN Adding Jobs in Salem

GKN Sinter Metals, an advanced manufacturer of precision powder metal products for the automotive industry, announced plans today to expand its operations in Indiana, creating up to 24 new jobs by 2020.

“Indiana supports more than 8,500 manufacturing businesses and is home to the highest concentration of manufacturing jobs in the nation,” said Governor Mike Pence. “Indiana offers manufacturers a low-cost, low-tax business climate and a dedicated, skilled workforce that provides global firms like GKN Sinter Metals the tools they need to succeed. The Hoosier state is a state that works for business and supports manufacturing operations that power our world.”

The company, which is a subsidiary of United Kingdom-based GKN America Corp., will invest more than $6.9 million to update equipment and renovate its current 220,000-square-foot facility at 198 S. Imperial Dr. in Salem. The new equipment will allow GKN Sinter Metals to increase its production of eight-speed and 10-speed transmissions for the automotive industry. The first round of the new enhanced equipment was installed this year, with the second phase scheduled to begin in 2017. In addition, the company plans to make both interior and exterior enhancements to its existing building, which includes updated employee amenities and a new innovation room to showcase current advanced manufacturing technologies.

Print

Kimball Adding Jobs to Salem Plant

The City of Salem made an announcement this morning that Kimball International will be bringing approximately 100 new jobs to the Salem Plant over the next two years.

The company is closing a plant in Idaho and moving 160 jobs to Southern Indiana: Salem and Jasper.

Mayor David Bower is thrilled with the news and hopes this puts the minds of Kimball employees at ease for the holidays. "Residents in Salem should sleep better knowing that plant isn't going to close," he said.

Print

H & R Bakery Coming to the Square

H & R Bakery will be relocating to the Historic Salem Square! H & R Bakery will be relocating to the former Craft Town building on the Northeast side of the square. Duane and Juanita Daugherty, H&R Bakery owners, are hopeful to have their new location open in 1-1 1/2 years, stocked with the same wonderful products the community and beyond, have enjoyed for many years.  The Daugherty's have owned and operated the business for 16 years.

Pictured in the gallery above enjoying H & R cookies and donuts are left to right: Councilman Justin Green, Councilman Danny Libka, Mayor David Bower, owners Juanita and Duane Daugherty, Councilman Wally Terkhorn, Councilman Warren Jones, Councilman Ron Haendiges, Jody Smedley Salem Board of Works, and Rick Richardson Urban Enterprise Zone.

Print

Salem Chosen For New Manufacturing Facility

Mayor David Bower announced today that Summit Seed Coatings Indiana has chosen Salem as the location for their first Midwest facility. The facility will begin operation by January 2015 and employ up to 20 employees.

Summit Seed Coatings Indiana will invest $2.4 million to lease, renovate and equip their 60,000 square foot facility located at 401 South High Street in Salem.

"We included three Midwestern states in our search," said Stuart Barclay, manager at Summit Seed Coatings. "While there were similar benefits offered by all of the states, we were attracted by the cultural atmosphere of Salem, which is similar to Caldwell, Idaho.

Moreover, the help and encouragement by the state of Indiana, the city of Salem and the people we met was a big influence in our selection."

Founded in 2002, Summit Seed Coatings produces seed coatings for major seed distributors, which sell their seeds to agriculture dealers and government dealers, as well as at Lowe's, The Home Depot, Walmart and other garden store chains. The company's coatings convert more seeds to plants and produce more vigorous seedlings than uncoated seeds. Summit Seed Coatings currently coats small seeded legumes, alfalfa, clover, cover crops, radishes, forage grasses, and retail grasses for homeowners.

The Indiana Economic Development Corporation offered Summit Seed Coatings Indiana LLC up to $100,000 in conditional tax credits and up to $17,500 in training grants based on the company's job creation plans. These tax credits are performance based, meaning until Indiana residents are hired, the company is not eligible to claim incentives. The city of Salem will consider additional incentives.

"We are very pleased that after a very competitive multi-state search Summit Seed Coatings Indiana picked Salem as the best location. Their decision reinforces our belief that with a coordinated team effort Salem can be very competitive in attracting new companies and investment. After just 2 years of local effort Summit is the latest success story that now totals over $45 million in new investment completed or underway in Salem. We expect even more in the near future. It has been the result of strong efforts on the part of many individuals. On this project we want to recognize the efforts of the Indiana Economic Development Corporation, Plan Commission Chairman Terry McNeely, Community Development Director Greg Fitzloff as well as the Salem City Council."

For further information; Greg Fitzloff, City of Salem, 502-552-3160

Print

New Organization formed to help revitalize downtown Salem

The Heart of Salem was recently welcomed into the Indiana Main Street (IMS) organization, which is a group of more than 100 communities dedicated to the revitalization of their downtown areas.

“Viable downtowns are crucial to the economic health of our state,” said Lt. Governor Sue Ellspermann. “By joining Indiana Main Street, Salem has taken an important step to developing a thriving downtown.”

IMS was established to provide economic revitalization and professional assistance to participating communities. The program encourages the revitalization and restoration of downtown areas in Indiana cities and towns. As the traditional heart and hub of government, commerce, justice and social interaction, the downtown business district portrays a city’s overall image.

“We look forward to continuing alongside the residents of the City of Salem,” said Shae Kmicikewyez, program manager for Indiana Main Street. “By forming the Heart of Salem, the community is showing they understand the importance of a thriving downtown.”

The IMS is administered by the Indiana Office of Community and Rural Affairs (OCRA).