Dwyer Instruments, Inc., a manufacturer specializing in the production of instrumentation products, announced plans today to expand its operations here, creating up to 50 new jobs by 2016.
The Michigan City, Ind.-headquarted company will invest $769,000 to lease and equip an 11,000 square-foot facility located in the Kingsburg Industrial Park. The new facility, which is expected to be fully operational by September, will allow the company to start manufacturing sensor products for the fire pump, industrial and chemical industries. In addition, Dwyer will also invest in its research and development functions in Michigan City.
"Indiana is a state that works for manufacturing, with a carefully crafted business environment that stands out in the Midwest and across the country," said Eric Doden, president of the Indiana Economic Development Corporation. "Companies like Dwyer recognize that our low-tax, pro-growth policies, including the recent enactment of the largest tax cut in state history, make Indiana ripe for business achievement."
Dwyer currently has 740 associates globally, which includes approximately 530 employees in Indiana, and will begin hiring assembly, instrument builders and technicians in October. Interested applicants can learn more at www.dwyer-inst.com/career_index.cfm.
"Indiana continues to lower taxes, while other states we were considering for this expansion are raising taxes," said Jim Goldschmidt, director of manufacturing of Dwyer. "With its low taxes, Indiana showed that it was committed to creating the business environment we need to grow our business and hire more people. Purdue North Central has been a great resource in supplying engineering and technical personnel to support the manufacturing needs."
Founded in 1931, Dwyer manufactures a diverse line of control and instrumentation products for the HVAC, chemical, food, oil and gas and pollution control industries. More than half of all goods produced by the company are specialty items designed and manufactured specifically to client specifications. Dwyer has Indiana locations in Kingsburg, Wakarusa, Wolcott and Michigan City, along with additional operations in Anaheim, Calif., Grandview, Mo., Fergus Falls, Minn., Hong Kong, the United Kingdom and Australia.
The Indiana Economic Development Corporation offered Dwyer Instruments, Inc. up to $300,000 in conditional tax credits based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. LaPorte County approved additional tax abatement at the request of the LaPorte County Office of Economic Development.
"We have in the past and will continue to do so in the future, aggressively work with companies like Dwyer to promote investment and create job opportunities for LaPorte County residents," said Mark Yagelski, president of the LaPorte County Council.
Manufacturing employment in Indiana increased 1.4 percent over the last year, thanks to investments in Indiana made by businesses like Dwyer. 9,698 manufacturers across the state now employ 556,357 Hoosiers, according to the 2013 Indiana Manufacturers Directory published by Manufacturing News, Inc.
Since the company was founded in 1931, customers have come to recognize Dwyer Instruments to stand for quality, reliability, and readily available low cost products. As a leading manufacturer in the controls and instrumentation industry, we continue to grow and serve major markets including, but not limited to HVAC, chemical, food, oil and gas, and pollution control. New applications are discovered daily through a cooperative effort between Dwyer and its customers. It has been these relationships with our customers that allow us to continue to develop market demand products and further our success from leading established brand names such as the Magnehelic® differential pressure gages, Photohelic® pressure switch/gages, Rate Master® flowmeters, and Hi-Flow® valves. In addition to new product development, Dwyer has added to its success through several acquisitions and has achieved additional market recognition. Respected names such as Mercoid Controls, Love Controls, W.E. Anderson and Proximity Controls have created new markets and further build on the solid reputation that Dwyer has and continues to sustain. For more information, visit www.dwyer-inst.com.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president 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.