Jasper Engines & Transmission Plans to Expand Created by kblakeslee on 4/30/2014 4:11:42 PM
JASPER, Ind. (AP) _ Jasper Engines & Transmission says it will expand its operations in southwest Indiana, creating up to 235 new jobs by 2017.
The company announced in a news release Wednesday that it will invest $6.9 million to set up a 220,000 square-foot facility housing its transmission division near its headquarters in Jasper, about 40 miles northeast of Evansville. The new plant is expected to be operational this fall.
The employee-owned company remanufactures drivetrain components and has more than 2,600 workers throughout the U.S., including nearly 1,500 in Indiana. It also has remanufacturing operations in Crawford City and in Willow Springs, Mont.
The Indiana Economic Development Corporation offered the company up to $1,150,000 in conditional tax credits and up to $200,000 in training grants. These tax credits are contingent upon additional hires.