Photo: Bruno Amaru (Flickr)
As many as 100 new jobs are coming to Lafayette due to an expansion at the Subaru of Indiana Automotive plant.
SIA is investing approximately $75 million over the next two years to increase production capacity in response to strong demand for the Subaru Outback and Legacy.
Executive Vice President Tom Easterday says the additional production will have a ripple effect on the Hoosier economy.
“Its been estimated that anywhere from six to ten additional jobs are created in the economy for every one job created at an international automaker,” he says, “That could mean another 600 to 1,000 jobs created in the economy. Many of our major suppliers, 26 of them, are located here in the state of Indiana.”
He says construction is expected to begin this summer on a 52,000 square-foot expansion to SIA’s body assembly section.
Easterday says the increase in production is expected to create up to 100 new jobs by the end of 2014.
The Indiana Economic Development Corporation is offering the company up to $950,000 in conditional tax credits and as much as $50,000 in training grants based on the job creation plans.
Governor Mitch Daniels says state government is happy to help SIA as it leads the way for Indiana’s growing auto industry.
“It comes to about a million dollars, but only if all the jobs happen,” he says. “Our incentives, unlike some states which hand out cash, our incentives are purely conditional, only earned as jobs are put on the rolls.”
Approximately 3,600 Hoosiers work at the company’s 832-acre Lafayette campus, with more than 600 workers added in the last three years.