Superior Truss & Panel, Inc., a manufacturer and installer of commercial building roof trusses and wall panels, announced plans today to relocate its Markham, Ill. operations to Gary, creating up to 52 new jobs by 2016.
The company will invest $2.6 million to construct, equip and relocate its operations into two 24,000 square-foot buildings on 8.5 acres at 7592 East Melton Road in Gary. The facility, which will begin Indiana operations this fall, will allow the company to innovate new methods for panelizing light gauge steel trusses and wall panels for non-combustible classified structures.
“The Hoosier State remains an attractive place to run a business because it provides the ideal climate for growth,” said Victor Smith, Indiana Secretary of Commerce. “Indiana has worked hard to build a business environment that lets companies succeed on their own terms, free from restrictive regulations or red tape. With our low taxes, skilled workforce and robust transportation networks, Indiana stands out as a state that works.”
“While Indiana has a business friendly environment, Gary provides easy access to interstate highways, allowing greater convenience in shipping to multiple states,” said Bryce Welty, president of Superior Truss & Panel.
Founded in 1993, Superior Truss & Panel designs, engineers, fabricates and installs metal roof trusses and load bearing wall panels for the commercial construction industry. The company has manufactured projects for more than 1,500 building projects located east of the Rocky Mountains, specializing in construction for nursing homes, hotels, schools, office buildings, churches, apartments and government buildings. Superior Truss and Panel has repeatedly been the recipient of Aegis Metal Framing’s President’s Council Award, presented to the top 10 fabricators using the company’s MiTek System.
The Indiana Economic Development Corporation offered Superior Truss & Panel, Inc. up to $425,000 in conditional tax credits 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 city of Gary approved additional incentives at the request of the Gary Economic Development Corporation.
“As I’ve said on countless occasions, ‘The city of Gary is open for business,’” said Gary Mayor Karen Freeman-Wilson. “Superior Truss & Panel’s commitment to relocate to Gary further proves this fact. We thank them for their investment and the job opportunities this will create for Gary residents to support their families and improve their quality of life.”
Illinois companies continue to make the move to Indiana, where they find a low-tax, pro-growth business environment. Superior Truss & Panel’s announcement follows news just last week that Lemont, Illinois-based llini Hi-Reach, a rental provider of aerial work platforms and material handling equipment, would invest $13.6 million to relocate its corporate headquarters and service hub to Crown Point.
About Superior Truss & Panel
Superior Truss is America's largest fabricator and erector of light gauge steel trusses and loadbearing wall panels. Our primary philosophy is to provide the highest level of design, engineering and installation at the best value in the industry. For more information, visit www.superior-truss.com.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.