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Illinois steel company plans to move operations to Indiana
Dec 05

Editors Note APNewsNow.

GARY, Ind. (AP) _ An Illinois steel company has finalized plans to move its operations to northwestern Indiana .

The office of Indiana Gov. Eric Holcomb announced Wednesday that Alliance Steel plans to invest $19.7 million in Gary, about 25 miles (40 kilometers) from its plant in Bedford Park, Illinois. The company plans to begin renovations in Gary in early 2019 and could be operational there by January 2020.

Andy Gross, president and CEO of Alliance Steel, says in a statement that: ``Northwest Indiana and Gary are making all the right moves to recreate a very promising industrial area. '

The company currently has about 100 workers and employment in Gary could reach 130 by 2023.

The Indiana Economic Development Corp. offered Alliance Steel more than $2.7 million in conditional tax credits. Gary offered additional incentives.

By The Associated Press, Copyright 2019