The steel giant has finalized its plans to move its operations to Northwest Indiana in early 2020 following overhaul
Illinois’ renowned steel manufacturer, Alliance Steel, Inc. has recently announced plans to invest $19.7 million in renovating and developing an industrial facility in Gary, Indiana, in early 2019, with plans to move operations to the city in early 2020.
As per trusted sources, the company will be establishing operations at a 250,000-sqft facility at Gary, and plans to rework more than 100 existing job positions from its Illinois plant, with further plans to increase its workforce by up to 35 positions in future.
According to The Times of Northwest Indiana, Andy Gross, President, Alliance Steel, said that the company is excited to set foot in Gary, with the purchase of the Fifth Avenue asset. He said that the company has made a strong commitment to the city, despite being a vastly expensive move depending on the firm’s business type.
Gross said that the move will see the company reside much closer to major steel mills, offering the company with reduced inbound freight as well as serving its regional customers with ease.
Reportedly, The Indiana Economic Development Corp. (IEDC) has offered Alliance nearly $1.85 million in conditional tax credits and around $150,000 as training grant based on the firm’s job creation strategy. IEDC has further offered about $900,000 in provisional tax credits, as a part of the Industrial Recovery Tax Credit program, which offers an incentive for investing in older industrial sites and improving the quality of living of Indiana communities.
As per reliable sources, Alliance plans to increase employee training on new equipment and introduce drivers to handle extra volume. The company also revealed plans to hire employees for several job positions in the Gary facility, cite sources.