The Indiana Economic Development Corporation offered Fort Recovery Construction & Equipment, LLC up to USD$535,000 in performance-based tax credits based on the company's job creation plans. The city of Portland is said to have approved additional property tax abatement at the request of the Jay County Development Corporation.
The company said it plans to begin hiring management, sales and production associates once facility upgrades are complete later this fall.
"We have seen our market share grow at a tremendous rate, due in large part to the exceptional design and performance of our patented solar thermal collectors, said Brad Stultz, director of alternative energy development for SolarAg Systems. The overwhelming support that we have received from the city of Portland, Jay County and the state of Indiana convinced us that Indiana is the perfect location for our expansion. We are convinced that Indiana's progressive, pro-business environment, innovative workforce and unmatched technological and manufacturing expertise make the state a center for research, development and production in the renewable energy industry,"
Mayor Bruce W. Hosier added: "We appreciate the investment and development Ft. Recovery Construction & Equipment is creating in the city of Portland. This expansion project is another example of the confidence level existing businesses have in the creation of new opportunities and the retention of existing jobs for the benefit of our community and our state."
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