Lurecraft, a manufacturer of soft plastics and other materials used to make fishing lures, has announced plans for a major expansion of its facilities and workforce. Lurecraft will invest $408,000 to purchase, renovate and equip a 22,000-square-foot facility in Orland, Indiana, and add 91 new jobs by 2017.

The company's current facility in nearby LaGrange is less than 7,000 square feet, and the new location, which will be operational before the end of the year, will allow Lurecraft to expand its manufacturing operations and warehouse and take its distribution services worldwide.

Lurecraft has been in business since 1966, but recently tripled its revenue thanks to some large contracts, including with reality television series Wicked Tuna and sporting goods stores Bass Pro Shops, Cabela's and Dick's Sporting Goods.

The Indiana Economic Development Corporation (IEDC) offered Lurecraft up to $350,000 in tax credits and $100,000 in training grants, conditional upon the company meeting the goals of its hiring process, which has already begun for manufacturing positions. They will also be hiring assembly and packing workers and managerial associates.

"Lurecraft noticed a need in the market and met it, helping fishermen build their own lures," said IEDC president Eric Doden in a press release. "After establishing itself, it sought growth opportunities and found them. These are hallmarks of Hoosier innovation and ingenuity. We are happy that after its initial Indiana success, they are adding new jobs and keeping their growth here at home."

Success stories like this one are what make Indiana one of America's manufacturing leaders. The state's manufacturers also benefit from the local presence of business management software providers, who can help them streamline their operations and keep track of their finances.