Performance-Based Tax Credits, Training Grants Fuel Metal Spinners Expansion PlansOctober 1, 2009
KIHM Metal Technologies, Inc., Brazil, IN, announced plans to invest more than $530,000 to expand its manufacturing operations, upgrade equipment and add new production shifts through the expansion efforts. One reason for the expansion: to help prepare the firm to take on a new project to manufacture “fire bottles,” part of a fire-suppressant system for aircraft crews.
Company co-owner Bill Kaupp expects the project to result in the hiring of another 40 to 50 employees over the next few years. To support KIHM’s expansion efforts, the Indiana Economic Development Corporation offered the firm up to $350,000 in performance-based tax credits and $39,500 in training grants, based on its job-creation plans.
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