Shirley, IN — Tech Castings LLC – a private IN-based foundry specializing in investment casting of vacuum-melt superalloy turbine engine components serving a worldwide commercial and military aerospace customer base – was recently awarded grants and tax credits by the Indiana Economic Development Corporation (IEDC).
Specifically, the IEDC will offer a grant of up to $30,000 from the Skills Enhancement Fund for training the Company’s eligible, Indiana resident employees. This flexible training program will provide partial reimbursement for a wide variety of training costs, will be for a two (2) year period and will be limited to a maximum of 50% of the Company’s eligible training costs.
The IEDC will also offer up to $310,000 in Economic Development for a Growing Economy (“EDGE”) tax credits which may be certified over a period not to exceed 10 years (2015-2024). The calculation is based on the creation of 44 net new full-time positions for Indiana resident employees earning an average wage of $18.20 per hour by the year 2019.
For more information about Tech Castings, contact Mark Rabens, VP Business Development, at email@example.com
About the IEDC
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, focusing on helping companies grow in and locate to the state. Governed by a 12-member board chaired by Governor Mike Pence, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, public infrastructure assistance and talent attraction and retention efforts.
For more information about the IEDC, visit www.iedc.in.gov