Crawfordsville's Closure Systems International will expand its manufacturing facility.
The 200, 000 square-foot expansion and new equipment will represent approximately $25 million in investment in the Crawfordsville Commerce Park. The expansion was chosen over a site in another state.
CSI currently employs 260 people. Up to 50 new jobs are anticipated with the expansion.
Floyd Needham, president and chief executive officer of CSI, said, “The expansion of our Crawfordsville facility is an important milestone to support the growth of the company’s closure business. We are excited to increase our footprint in Crawfordsville, where we have maintained a strong presence for many decades. The plant’s culture and our employees’ dedication to making this plant successful differentiated this location and solidified our decision to expand the facility.”
The IEDC committed an investment in Closure Systems International Inc. of up to $1.3 million in the form of incentive-based tax credits based on the company’s plans to create up to 50 new jobs in Crawfordsville and up to 10 in Indianapolis. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.
As a part of their location decision-making process, CSI will seek a tax abatement incentive from the City of Crawfordsville for the facility and equipment investments. Pending city approval, construction on the site will begin this spring.
