The City of Evansville and its state and local economic development partners announced that auto industry supplier Fisher Dynamics has selected Evansville as the location for a new manufacturing facility.
Fisher, a global manufacturer and supplier of automotive seating mechanisms and components, will invest $11 million into the project to renovate and equip a leased 113,000-square-foot warehouse in Evansville.
Fisher expects to create 169 new jobs in Evansville and Vanderburgh County over the next two years. These are jobs with an average wage of $19.61 per hour.
The St. Clair Shores, MI-based Fisher Dynamics already has 660 full-time employees in the U.S. at locations in Michigan and Brownsville, Texas, and a total of 1,700 around the globe. Their overseas locations are in Mexico, Germany, Poland, China and India.
Fisher Dynamics considered several other locations before selecting Evansville for the multi-million dollar investment for growing the company. Their two existing U.S. locations and facilities in Matamoros, Mexico and Shanghai, China together provide more than 30 million assembled seat mechanisms to dozens of automobile manufacturing plants around the world.
John Hrit, Fisher Dynamics Vice President of Global Operations, said in a statement that the location allows them to service central U.S. customers. Hrit added that they look forward to working with the Evansville community, and thanked the City for their great support in the search for the company’s new location.
Evansville economic development organization GAGE recommended that the City approve an incentive package for the project with a $60,000 training grant and an eight-year tax phase-in on personal property.
Deborah Dewey, president of the Growth Alliance for Greater Evansville, said they are fortunate to have a collaborative approach to economic development in the community, and efforts to attract and welcome companies such as Fisher Dynamics have public and private support.
Dewey added that they also have a history of being home to successful privately-owned companies and look forward to adding Fisher Dynamics to the list.
Evansville Mayor Lloyd Winnecke said the jobs Fisher Dynamics is creating are good paying jobs offering good benefits that will boost the economy and help the Tri-State region thrive. The project is expected to generate an annual economic impact of $21.9 million, for ten years.
The company also stands to get up $100,000 in training grants from the Indiana Economic Development Corporation, along with $1.25 million in performance-based tax credits tied to their job creation plans.