Satellite Industries relocates headquarters from Minnesota to Indiana
Location, location, location.
This has been a phrase used by many organizations and it has had an impact on the business world. While typically associated with the real estate market, many organizations have also taken this mantra to heart, for everything from where they operate to where they call home.
A recent article from Inside Indiana Business profiled a announcement from Satellite Industries, a global supplier of portable sanitation equipment. The company is planning on relocating its United Stated headquarters from Minnesota to Indiana. On top of that, through 2017, the company will be investing $6.9 million to establish distribution and manufacturing operations on the state.
This will take place in two phrase. The first will take place by establishing 13,000 square-foot facility. The second will come with the construction of a 106,000 square-foot manufacturing facility on a 22-acre campus.
According to John Babcock, chief financial officer of Satellite, Indiana was always an attractive option because because of its central location to a majority of the U.S. population, easy access to main interstates, a manufacturing oriented workforce and competitive wages and tax incentives. He added that the specific location selected is in the middle of the RV and trainer manufacturing heartland, which pairs perfectly with the product lines the company creates.
In the new source, Indiana Governor Mike Pence spoke about what makes the state such a good place for companies to lay down roots.
"If you're looking to build something, hire a Hoosier," Indiana Governor Mike Pence told the news source. "Indiana remains a manufacturing powerhouse, with more manufacturing jobs as a portion of our private sector than any other state. International companies like Satellite have a world of choices. Yet, they continue to choose Indiana for growth, where they find a low cost of doing business and a highly skilled workforce right here at the crossroads of America."
The Indiana Economic Development Corporation offered Satellite Industries up to $675,000 in conditional tax credits because of the plan to create new jobs. These are performance based, meaning until action is taken, there is no need to pay out any money.
Indiana is a fertile ground for companies and it is no surprise that more organizations are starting to use the state for their headquarters. Local solution providers that offer business management software can help any organization improve their overall operations.