Investment in jobs, new industrial buildings up so far in 2014
Posted: Sunday, November 16, 2014 3:00 am | Updated: 10:57 am, Wed Nov 19, 2014.
By ROGER SCHNEIDER | firstname.lastname@example.org
GOSHEN — The Elkhart County economy got big boosts this year with more than $108 million in new investments by new and existing companies, according to the Economic Development Corp. of Elkhart County.
Those investments are expected to create 1,661 new jobs, according to the agency.
Dorinda Heiden-Guss, president and chief executive officer of the Economic Development Corp., said the agency’s new focus on raising the standard of living and overall quality of life in the county is beginning to pay off. The agency announced earlier this year its change in purpose from trolling for new industries to locate in the county, to attracting new businesses and helping expanding businesses that pay higher-than-average wages.
She said the two new industries that located in Bristol industrial parks were Alliance Sheets and Satellite Industries. Alliance Sheets invested $25 million in a facility and added 50 jobs with a wage scale of $20.80 per hour. Satellite Industries invested $6.9 million in a facility and created 70 jobs with a wage scale of $25.56 per hour.
“So that’s pretty impressive,” Heiden-Guss said. “What we are trying to do is bring quality paying jobs to the market and diversification.”
She said the EDC assisted with 18 projects, 16 of which were expansions, and the two new companies in Bristol.