Richmond, IN — A Richmond company is expanding its operations to accommodate the needs of new customers. ITD Engineering LLC, is a custom machining center that contract manufactures components. They will invest $1.65 million and hire six new full-time employees as part of the project. Located at 5626 New Paris Pike, ITD Engineering will purchase and install new machinery and equipment to accommodate this growth.
The EDC of Wayne County will partner in the project by providing an Economic Development Income Tax (EDIT) Grant of $20,150 to help offset the cost of new equipment. EDC President, Valerie Shaffer says she’s pleased to see growth in the community. “The EDC of Wayne County is thrilled to be a partner in the expansion of this locally-owned company and look forward to supporting them now and into their bright future.” The request for EDIT funds will now go before
the Wayne County Commissioners for their consideration.
Visit www.whywaynecounty.com for more information.
Contact:
Valerie Shaffer, President
765-983-4769
valerie@whywaynecounty.com
