Fort Wayne-based Steel Dynamics, Inc., plans to add 33 jobs by 2018 when it expands its operations in Columbia City.
The company describes the jobs as "high-paying" and high-skilled and expects to pay those employees more than 50 percent above the state's average wage. It will invest more than $75 million into its facility at 2601 South 700 East in Whitley County to add rolling equipment, buildings for storage, site grading, drainage and road improvements, according to a news release. Construction is expected to be completed in the fourth quarter of 2018. The changes will allow Steel Dynamics to produce 240,000 tons of new steel products annually.
SDI has operations in 15 cities throughout Indiana, including Butler, Indianapolis, Jeffersonville and Pittsboro. The company currently employs nearly 3,400 full time across the state, including 705 full-time employees at its Columbia City facility. The new, high-skill positions will be in the steel production and maintenance areas.
The Indiana Economic Development Corp. offered SDI up to $190,000 in training grants and up to $300,000 in conditional tax credits based on the company's expansion plans. These incentives are performance-based, meaning until Hoosiers are hired and the investment is made, the company is not eligible to claim incentives. Whitley County approved additional incentives at the request of the Whitley County Economic Development Corporation.
SDI, which is one of the largest domestic steel producers and metal recyclers in the United States based on estimated annual steelmaking and metals recycling capabilities, operates facilities throughout the United States and Mexico, according to the release.