A California bio-based plastics resin company has announced they will locate a major manufacturing and distribution facility in Seymour. Nate Feltman is the Indiana Secretary of Commerce and CEO of the Indiana Economic Development Corporation. He says Ceroplast, Incorporated., will bring 200 new jobs to the southern part of the state by 2010. Feltman says Ceroplast chose Indiana because of easy access to raw materials they use in making plastic resin, including corn starch. He says one of the unique aspects of the company is how environmentally-friendly their materials are.
The IEDC is providing Ceroplast around $700,000 in economic incentives. Feltman says he expects that investment to pay for itself over time. The city of Seymour also received a $200,000 grant from the state to upgrade infrastructure Ceroplast will utilize. Seymour also provided tax abatements to the company. Feltman says 2007 has been a record year for the state in terms of new jobs. Indiana recently passed the 20,000 job commitment number for the year, and has the lowest unemployment in the Midwest at 4.5 percent.