Jasper Engine & Transmission Exchange announced today that it has recently completed an expansion of its Dubois and Crawford county operations, creating a total of 65 new jobs this year.
The Jasper-based company, which is the largest mass remanufacturer of drivetrain components in the nation, invested over $270,000 in machinery and equipment to relocate two of its out-of-state operations to its Leavenworth and Jasper facilities.
"It is not by accident that so many companies are bringing work back to our state in this economic climate," said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "Indiana's low cost of doing business provides a very favorable return for companies looking to make business operate more efficiently."
Jasper Engine & Transmission Exchange currently employs nearly 1,600 associates throughout the United States with 1,000 in Indiana. As a result of the expansion the company has hired 30 additional associates in Crawford County and 35 in Dubois County.
"Jasper Engine & Transmission is excited to have these jobs back in Indiana. We are confident in the skill level and work ethic of the local workforce," said Doug Bawel, president of Jasper Engine & Transmission Exchange.
Founded in 1942, today Jasper Engine & Transmission Exchange produces more than 130,000 gas and diesel engines, transmissions, differentials and rear axle assemblies each year. The company has grown to three manufacturing plants and 40 branch and distribution locations across the country.
"The high-skill job opportunities associated with Jasper Engines & Transmissions' expansion is welcomed news to the community, and opportunities will continue to be energetically pursued by persons in the region seeking quality employment," said Jasper Mayor William Schmitt.
The Indiana Economic Development Corporation offered Jasper Engine & Transmission Exchange up to $210,000 in performance-based tax credits based on the company's job creation plans. The Dubois County Area Development Corporation and Crawford County Economic Development also supported the company's efforts.
"Crawford County Economic Development is certainly pleased with Jasper Engine & Transmission expanding job opportunities in our county and our region. Jasper Engine & Transmission is an important partner in the economic life of Crawford County," said Don DuBois, Crawford County Economic Development director.
Since the creation of the Indiana Economic Development Corporation in 2005, more than 95 companies have located or expanded their headquarters in the Hoosier state, bringing the promise of more than 18,000 new headquarters jobs and more than a billion dollars in new capital investment.
Jasper Engine and Transmission Exchange
Jasper Engine & Transmission Exchange, founded in 1942, is a remanufacturer of drivetrain components, including gas and diesel engines, transmissions, differentials and stern drives, along with performance and a variety of marine products. JASPER distributes products nationwide through their 40 branch locations and distribution centers. JASPER is committed to provide high quality products with excellent customer service.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov .