11/5/2009 12:57:00 PM Defense contractor could bring 500 new jobs by 2010 to Vermillion County
NEWPORT -Gov. Mitch Daniels joined executives of Telic Corp. to announce today that the company will establish its newest Indiana operations here creating up to 500 new jobs by 2010.
The company, which develops and manufactures equipment for the United States military and provides security, technical and administrative services worldwide, will invest more than $1.2 million to site an administrative support, manufacturing and development center at the Newport Chemical Depot, states today's news release.
Telic Corp., which employs hundreds of associates at defense industry projects throughout the United States and overseas, plans to begin hiring engineers, human resources associates and maintenance technicians in the first quarter of 2010 as equipment upgrades are made to the site.
Incorporated in 1998 with operations in Crawfordsville, Albany, Ky., and Kabul, Afghanistan, Telic Corp. provides security, mechanical and engineering support services for the United States military operations in Afghanistan. The company, a member of the National Veteran-Owned Business Administration, holds contracts with the U.S. Army, U.S. Navy, U.S. General Services Administration, U.S. Department of Veterans Affairs, U.S. Department of State, Parsons, and Fluor.
The Indiana Economic Development Corp. offered Telic Corp. up to $3.8 million in performance-based tax credits and up to $125,000 in training grants based on the company's job creation plans. Vermillion County will consider additional property tax abatement.
Telic Corp.'s announcement is the second in as many days for Vermillion County. White Construction, a Vermillion County-based contractor for renewable energy projects, announced Wednesday that it will invest more than $10.2 million to expand its Clinton headquarters, creating up to 70 new jobs.