Jasper Engines & Transmissions CEO Doug Bawel joined state and local officials in announcing the company’s plans to expand its footprint in Jasper, Ind., to create additional jobs and reinvest in the former Kimball Plastics manufacturing facility.
“Jasper Engines & Transmissions is a great Indiana economic success story. The company that has prospered and provided thousands of jobs for Hoosiers for over 70 years is expanding again,” said Lt. Gov. Ellspermann. “We continue to see how our business-friendly tax and regulatory policies plus our dedicated workforce make Indiana a place where companies want to expand and locate. Our record-breaking job growth shows that Indiana truly is a state that works.”
The homegrown-Hoosier company, which remanufactures drivetrain components, plans to invest $6.9 million to renovate and equip a 220,000 square-foot facility presently vacant within a half-mile of its current 367,000 square-foot facility. The additional facility will become the new home of JASPER’S Transmission Division which includes disassembly, machining, assembly, testing, and warehousing of automotive drivetrain components. Bawel said they plan to be fully operational this fall.
JASPER currently employs more than 2,600 associates throughout the United States, including more than 1,445 in Indiana. The company has already begun advertising for positions in manufacturing, maintenance, information technology, distribution, engineering and quality control positions in Jasper.
The Indiana Economic Development Corporation offered Jasper Engine Exchange, Inc. up to $1,150,000 in conditional tax credits and up to $200,000 in training grants 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. The project is contingent upon Jasper Engines and Transmissions receiving real and personal property tax abatement from the City of Jasper.