IN: Nello Corp. to Relocate to South Bend, Create 639 Jobs
20 May, 2014
Nello Corporation, Inc., a global designer and fabricator of galvanized steel towers and poles, announced plans to relocate its Fort Worth, Texas operations to South Bend, Indiana, creating up to 639 new jobs by 2023.
The South Bend-headquartered company plans to invest millions of dollars to move its Texas operations to a 200,000 square-foot facility in South Bend, with the facility expected to be constructed by the early part of next year. The relocation will also include the construction of an additional 250,000 square-foot facility in South Bend at the same location of the initial expansion, expected to be constructed in the next five years. Nello anticipates additional expansion of its corporate headquarters in downtown South Bend and expects the completion of the relocation to take place over the next year and a half.
“Indiana’s private sector continues to stand head and shoulders above our neighbors, growing at twice the national rate while attracting businesses from across the United States,” said Governor Mike Pence. “Global companies like Nello recognize they have an abundance of location choices. Its decision to locate its Texas operations here is the latest proof that Indiana, with our central location coupled with a competitive tax environment and the best workforce in the nation, continues to be a state that works over the long haul.”
Nello, which currently has two manufacturing facilities located in Bremen, Ind., plans to begin hiring manufacturing, information technology, engineering and administrative positions next year.
“We are fortunate that our company has had and maintained rapid growth and expansion every year since our inception,” said Dan Ianello, president of Nello. “Our main goal was to locate and establish a permanent home for our company's continued expansion while simultaneously improving our ability to reach our customers in a timely fashion and deliver a superior product to our growing customer base.”
Founded in 2002 by Ianello, Nello designs and manufactures galvanized steel towers and poles. One of the largest tower providers in the wireless communications industry, the company produces more than 1,000 structures annually, growing at a rate of 25 percent per year. Nello serves customers such as Verizon Wireless, T-Mobile and AT&T.
The Indiana Economic Development Corporation offered Nello Corporation, Inc. up to $2,900,000 in conditional tax credits and up to $75,000 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 South Bend will consider additional incentives. "Nello's decision to consolidate operations in South Bend accelerates the city’s growth in advanced manufacturing," said South Bend Deputy Mayor Mark Neal. "As Nello's investment brings more good jobs to South Bend, the company will continue to fuel the momentum strengthening the city's economy."
About Nello Corporation
Nello Corporation is a global leader in the design and fabrication of galvanized steel towers and poles. We service a wide variety of industries specializing in wireless self-supporting towers, guyed towers, and monopoles as well as tapered utility pole and transmission pole structures. Founded in 2002 by a team of experienced engineering, design, and manufacturing professionals, Nello has grown to one of the larger infrastructure providers in North America. Today, we continue to add manufacturing and distribution facilities to meet the needs of our growing customer base. Our extensive design and manufacturing experience allows us to develop new cost effective and innovative products for our customers.
At Nello, engineering is at the core of what we do. By utilizing the latest software and technology to design our structures, we bring greater value to our customers through increased functionality and reduced installation time. Currently our customer base includes all major wireless carriers, national utility companies, energy producers, wind energy providers, tower companies, turn-key service providers, government and military entities as well as general contractors. With modern facilities, high capacity, and proven cost effective products, Nello is able to handle any tower project in the world. Contact us today to find out how Nello can partner with you on your next infrastructure project.
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.