"With roots dating back 87 years in the Hoosier State, Shambaugh knows firsthand the benefits of operating in Indiana," said Gov. Mike Pence in a news release on the expansion. "Our low tax rates, centralized location and skilled workforce make Indiana ideal for companies looking to exercise a competitive advantage and help us offer long-lasting value as a state that works for business."
Shambaugh, which currently employs 528 full-time in Fort Wayne, 1,195 across Indiana and more than 1,800 nationally, has already begun hiring additional mechanical, process and refrigeration engineers, pipefitters and metal-trades workers.
"We're delighted to be expanding in Indiana, where we can access a skilled workforce that allows us to provide exceptional service to our customers," said Mark Shambaugh, P.E., chief executive officer of Shambaugh, said in the announcement of the expansion. "We are very proud that our roots are here in Fort Wayne and look forward to continuing our longstanding commitment to the community."
The company, founded in 1926, says it is the largest process, mechanical, electrical and plumbing construction services contractor in Indiana, with additional Indiana offices in Indianapolis, Lafayette and South Bend. The company, which operates in 44 states, serves clients in the industrial, food-processing, commercial and healthcare industries. The company was the main builder and designer of the world's largest, one million square-foot yogurt plant in Twin Falls, Idaho. The project was completed in 10 months, earning Shambaugh's facility the designation 2013 Food Plant of the Year from Food Engineering magazine.
The Indiana Economic Development Corporation offered Shambaugh up to $1 million in conditional tax credits and up to $100,000 in training grants based on the company's job-creation plans. The city of Fort Wayne will consider additional tax abatement at the request of the Fort Wayne-Allen County Economic Development Alliance.