IN: American Licorice Investing $10M to Expand in La Porte, Adding 35 Jobs
24 Jan, 2013
American Licorice Company, a candy and licorice manufacturer, announced plans to expand its operations in La Porte, creating up to 35 new jobs by 2015.
The Bend, Ore.-headquartered company will invest approximately $10 million to equip and renovate its 285,000 square-foot facility at 1900 Whirlpool Drive. The expansion, which will include the installation of a licorice production line and the addition of a rail spur to allow the company to receive ingredients by rail, is expected to be operational by 2015.
"It is a great day any time we can celebrate the growth of a company with a long history of sustained success and community involvement," said Eric Doden, president of the Indiana Economic Development Corporation. "Creating a favorable business climate that allows companies like American Licorice to continue to expand is essential in making Indiana a state that works for business."
American Licorice, which currently employs 150 Hoosiers in La Porte and 500 associates nationwide, plans to begin hiring additional production associates next year.
"American Licorice has been making candy for the past 99 years and we look to sustain that momentum for many more," said John Kretchmer, chief executive officer of American Licorice. "Indiana's centralized location within the United States and its business friendly climate at the state and local levels were both contributing factors in our decision to grow at our La Porte facility."
Founded in 1914, American Licorice is one of the original licorice manufacturers in the United States and produces Red Vines®, Sour Punch®, Natural Vines®, Super Ropes® and Snaps® candy brands. The company, which also has a production facility in Union City, Calif., was named the 2012 Corporate Citizen of the Year by the Greater La Porte Chamber of Commerce for its community involvement.
The Indiana Economic Development Corporation offered American Licorice Company up to $200,000 in conditional tax credits 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 La Porte approved additional tax abatement at the request of the Greater La Porte Economic Development Corporation.
About American Licorice
An industry leader in manufacturing and marketing candy products, the American Licorice Company is one of the original licorice manufacturers in the US candy industry. Since its establishment in 1914, American Licorice has brought happiness to consumers with their Red Vines®, Snaps®, Sour Punch®, Super Ropes® and Natural Vines® candy. Additional information is available online at www.americanlicorice.com.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.