IN: Tec Air Relocating Corporate HQ to Munster, Creating 258 Jobs
23 Oct, 2013
Tec Air Inc., a designer and manufacturer of plastic air movement components and systems, announced plans to relocate its Willow Springs, Ill. headquarters to Munster, Indiana, creating up to 258 new jobs by 2016.
“Tec Air joins a growing list of companies that have discovered what Hoosiers already know: Indiana is a state that works for business,” said Governor Mike Pence. “Companies in the Midwest and around the world recognize that Indiana is in the middle of everywhere. From our robust infrastructure, low-tax environment, talented workforce and ideal location as the Crossroads of America, opportunity for growth lies in Indiana.”
The 48-year-old company will lease, equip and relocate its current Illinois headquarters into a 128,000 square-foot facility located in the Lake Business Center at 9200 Calumet Ave. in Munster. Tec Air will initially invest approximately $7 million dollars in new equipment and building improvements in connection with the move. In addition to the new investment, Tec Air will also transfer almost $8 million of assets from its Illinois facility to the new location, bringing the company’s investment in Indiana to approximately $15 million.
The expansion, which will be complete next spring, will house corporate offices, engineering labs, manufacturing, quality labs, warehousing and distribution. Tec Air’s investment in the new Indiana facility will include new injection molding and assembly equipment, such as process cooling, material handling, molding machines, robotics and R&D test equipment.
“Tec Air is experiencing significant growth, and we want to position ourselves to capitalize on that path of success. We looked at multiple locations for our expansion and chose Indiana for several reasons,” said Bob McMurtry, president of Tec Air. “Outgrowing our current location and Indiana’s pro-business environment solidified our decision to not only expand into Indiana but to relocate our entire operation from Illinois. I am confident the Munster location will allow Tec Air to achieve greater operational efficiencies and realize its growth potential. The relocation to a larger, state of the art facility will support our already great service, innovative products and world class quality.”
Tec Air will transfer approximately 150 jobs from its Illinois facility to its Munster location and plans to begin interviewing, training and hiring new employees in the first and second quarters of 2014. Interested applicants can contact Tec Air Human Resources via email at email@example.com.
Founded in 1965, Tec Air designs and manufactures fans and blowers for automotive, industrial and residential HVAC original equipment manufacturers. Tec Air also specializes in fans and blowers for appliances, yard care, floor care, refrigeration and climate control industries. With customers in North America and overseas, the Munster location will provide a central shipping location.
The Indiana Economic Development Corporation offered Tec Air Inc. up to $2,260,000 in conditional tax credits and $190,000 in training grants based on its capital investment plans. These tax credits are performance-based, meaning until investments in Indiana are made, the company is not eligible to claim incentives. The city of Munster offered additional incentives.
“The town of Munster is very excited to be the new home of Tec Air, and we have been proud to work hand-in-hand with this outstanding company throughout their relocation process,” said Joseph A. Simonetto, president of the Munster Town Council. “The Munster Town Council has worked to make Munster a great home for residents and businesses alike. Beyond its investment in our community and the establishment of new jobs, we anticipate that Tec Air will be an outstanding corporate citizen.”
Tec Air’s announcement caps a month of Illinois businesses announcing Indiana as their new home for operations. At the beginning of the month, Pence joined RACO for a ribbon cutting ceremony at the company’s new distribution center, which will house its distribution center that will relocate from South Holland, Ill. to South Bend. This was quickly followed by Land O’Frost breaking ground on the site for its relocated headquarters from Lansing, Ill. to Munster and MAC Medical’s announced relocation of its warehouse and shipping operations from Tinley Park, Ill. to Munster.
About Tec Air
Tec Air is a designer and manufacturer of plastic air movement components and systems. Examples of Tec Air's products include axial and radial flow fans, impellers, blower wheels, centrifugal flow fans and motorized blower assemblies. Tec Air supplies a diverse market throughout the world, including: the automotive, appliance, yard care, floor care, HVAC, refrigeration and climate control industries. Corporate headquarters and Tec Air's technical center are located in Willow Springs, IL, with manufacturing facilities also located in Willow Springs, IL, as well as Lewisburg, TN. For further details about the company, visit Tec Air, Inc.'s website at www.tecairinc.com.
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
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.