DD Dannar LLC announced that it has chosen Muncie, Indiana for a new Mobile PowerStation assembly facility. The company, which is currently based in Greenville, South Carolina, will also be moving its corporate headquarters to the Delaware County location in Muncie.
The company will invest $4.65 million in Muncie over the next four years, and the project is expected to create 288 new jobs with average wages of $27.33 per hour for assembly of high-tech vehicles.
The Dannar Mobile PowerStation (MPS) is a class of purpose built hybrid vehicles used by governments for maintenance and as a source of off-grid clean energy. The vehicle model is the first of its kind to combine battery powered electricity with hydraulic drive-trains.
Gary Dannar, CEO and Founder of DD Dannar, LLC, said that Muncie has the right people for producing the MPS with pride and quality.
Not to mention the fact that the company has been provided with an attractive package of state and local incentives.
The Indiana Economic Development Corporation (IEDC) has approved performance-based state tax credits worth $2.6 million and another $25,000 in training grants, linked to the company’s job creation commitments.
The Delaware County Redevelopment Commission is pitching in with $150,000 as a low-interest loan, and another $500,000 for site improvements to the Business Center facility on West Bethel Ave. The county owns this property, and is providing 25,000 square feet of space in this facility to DD Dannar free of rent.
DD Dannar LLC has also previously received a $200,000 investment from SC Launch in 2011. SC Launch is an affiliate of the South Carolina Research Authority (SCRA), and promotes high-tech economic development in South Carolina.
Larry Bledsoe, president of the Delaware County Board of Commissioners, said they were pleased to have played a role in this project and thanked DD Dannar LLC for their confidence in the county.
Jay Julian, president and CEO of the Muncie-Delaware County Chamber of Commerce and Economic Development Alliance, said they knew they were doing the right things to promote economic development when they see exciting and innovative businesses like Dannar choosing to locate in Muncie-Delaware County.
Muncie Mayor Dennis Tyler said the announcement was a testament to the community and the quality of the workforce.
The company’s plans call for creating 20 new jobs in the first year, with expected growth fueling more employment up to 479 jobs in five years.