GREENFIELD, IN – Stanley Black & Decker, Inc. (NYSE: SWK) announced plans today to expand its operations here, creating up to 136 new jobs by 2018.
The New Britain, Connecticut-based company will invest $7.69 million to renovate and equip its 220,000 square-foot facility in Greenfield. With its growth, the company plans to begin producing DEWALT corded power tools in Indiana, including reciprocating saws, screw guns, hammer drills, one-half inch drills and small angle grinders. When fully operational, Stanley Black & Decker plans to produce 1.2 million power tools annually at its Greenfield facility.
“As a company with a long history in our state, Stanley Black & Decker has once again selected Indiana for investment and job growth,” said Governor Mike Pence. “Just as Stanley Black & Decker manufactures tools for builders everywhere, Indiana is proud to offer companies the resources they need to grow. From our affordable cost of doing business to our experienced and skilled workforce, Indiana equips companies like Stanley Black & Decker with a business climate for success.”
Stanley Black & Decker, which currently employs more than 50,000 associates, including more than 1,300 in Indiana, has already begun hiring for various manufacturing positions. Interested applicants may apply online at www.stanleyblackanddecker.com/careers .
“We are excited about the investment in our Greenfield manufacturing operations and look forward to having a positive impact on the local economy,” said Nick DeSimone, vice president of operations for DEWALT. “By basing these operations in Indiana, we will not only optimize our existing manufacturing footprint, but also enhance our capabilities to deliver core DEWALT products with greater efficiency to our customers and end-users in the United States.”
Stanley Black & Decker currently produces flooring staples, industrial staples, BOSTITCH pneumatic industrial tools and DEWALT and BOSTITCH coil nailers, among other products, at its Greenfield facility. The company also operates six additional facilities in Indiana, including the headquarters of Stanley Security Solutions in Indianapolis. Named one of the most admired companies in the country by Fortune magazine and one of the country’s most reputable companies by Forbes magazine, Stanley Black & Decker has also been identified as one of the most innovative companies by the United States Patent and Trademark Office.
The Indiana Economic Development Corporation offered Stanley Black & Decker, Inc. up to $625,000 in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Greenfield will consider additional incentives at the request of the Hancock County Economic Development Council.
“The city of Greenfield is excited to welcome the expansion of Stanley Black & Decker,” said Greenfield Mayor Chuck Fewell. “This continues to show our community commitment to work with our existing local companies to help them grow. Thanks to Greenfield utilities and the Hancock Economic Development Council for their work on this project.”
About Stanley Black & Decker
Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, mechanical access and electronic security solutions, healthcare solutions, engineered fastening systems, and more. Learn more at www.stanleyblackanddecker.com
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, focusing on helping companies grow in and locate to the state. Governed by a 12-member board chaired by Governor Mike Pence, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov .
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