Right to Work Indiana Welcomes $699 Million in Investments!

Right to Work Indiana will soon be welcoming $699 million from business investments. These will come from Nucor and and Sazerac. Nucor is investing into the economy in order to expand. Meanwhile, Sazerac is adding a new location within the state. Both of these will be great economic additions to the state!

Read on so you can learn more about each investment.

Nucor:

Nucor Corporation is investing $290 million in order to expand in Right to Work Crawfordsville, Indiana, creating 80 new jobs!

“Investing in Nucor Steel Indiana will allow us to grow our profitability in the Midwest construction region and expand Nucor’s prepaint footprint. […] This investment is part of our strategy to grow our core steel businesses and expand our portfolio of value-added products.” […]

Nucor Steel Indiana was Nucor’s first steel sheet mill, starting operations in 1989. The Crawfordsville mill is where the company pioneered electric arc furnace thin-slab casting. Since this breakthrough, Nucor has continued to invest in advanced sheet steel products and technologies.

AREA DEVELOPMENT MAGAZINE

Sazerac:

Sazerac Company is investing $409 million in order to add a new location in Right to Work Charlestown, Indiana. This will create 269 new jobs!

“This is an incredibly exciting project for us. […] We’re thrilled to increase our manufacturing footprint and our workforce with steady, good-paying jobs, with wages at or above the Clark County average.” […]

“Indiana’s central location, strong agriculture sector and business-friendly climate make the Hoosier state the perfect place for businesses like Sazerac to successfully grow their companies. […] We’re excited to see that Sazerac chooses Indiana, as they will become another reason our state is the best place to work, live, play, study and stay.” […]

“There’s nothing like ending the year on a high note. Since repurposing the former General Mills plant in New Albany, Sazerac has expanded its capacity at that location multiple times. Their announcement to build a site in Clark County reinforces their commitment to the region and significantly adds to the growing vitality of southern Indiana. […]

AREA DEVELOPMENT MAGAZINE

To read the previous update on economic development in Right to Work Indiana, click here.

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