Florida Business Chooses Kokomo for Expansion

PRESS RELEASE

Contact: Debra Cook

(765) 456-7375

dcook@cityofkokomo.org

  Florida Business Chooses Kokomo for Expansion

EAC Corp, a supplier of Base Metals, High Temperature Scrap and Ferro Alloys plans to expand its Florida operations to Kokomo and hire an estimated 15 new, skilled employees over the next five years. EAC Corp's expansion would continue Kokomo's recent winning streak for attracting new companies and new investment.

"Kokomo has tremendous assets available to a company like EAC Corp," said Kokomo Mayor Greg Goodnight. "From our abundant engineering and manufacturing expertise to our quality infrastructure and our innovative incentive programs, I am confident we can meet EAC's needs, and help the company grow in Kokomo."

Company officials made several trips to Kokomo touring potential sites. They have narrowed their selection to four facilities which could accommodate the 7,500-square-foot production floor space needed.

"While EAC could have located anywhere in the Midwest, a Kokomo location will give them easy access to the new US 31 Corridor, bring them closer to a major client and increase their contacts with future clients," said Development Director Debra Cook. "In short, locating in Kokomo will give the company an immediate competitive edge."

The company intends to invest nearly $200,000 in new equipment. Tentative plans are to hire employees next spring and begin production late in the second quarter of 2012.  

"We manage our family company to be the kind of place where you want to work," said Jim Courts, Vice President. "As a Kokomo native, establishing a Kokomo facility is going to be a good fit for the growth of our company, and hopefully this will give us a significant advantage moving forward. Throughout this expansion process, Mayor Goodnight and his economic team have been very supportive of our needs, and we look forward to being a part of the Kokomo community."