Fort Wayne, Ind. Coram USA, LLC, a subsidiary of the Coram Group, headquartered in Cologne, Italy, designs, manufactures and markets a wide range of products and systems for commercial vehicles, agricultural machinery, construction machinery and the wind turbine industry. Coram has established a sales office in downtown Fort Wayne with plans to start production and distribution of steering columns in the fourth quarter of 2013. The company will fill 35 positions through 2016.
CORAM Group is a dynamic company that is present in different part of the world, and we were very impressed by the skills of the people we initially met, and by the efficiency of the organizations deputed to incentivate investments in Fort Wayne stated Angelo Piantoni, President of CORAM USA LLC. We will produce here high quality products for American vehicles, and we will bring here our experience, passion and know-how to grow in US.
When presented with so many options, international companies like Coram choose Indiana for its world-class business environment, said Victor Smith, Indiana Secretary of Commerce. Indiana has the best manufacturing workforce in the nation. If you add this to our central U.S. location and pro-growth policies, it becomes clear why so many international companies recognize Indiana as a state that works.
Coram USA representatives worked with CBRE to secure its new location at 6911 Innovation Boulevard in Summit Industrial Park. The building owner, JD Summit & Associates, will make $65,000 in tenant improvements while Coram invests $150,000 in new manufacturing equipment for the operation. The company will manufacture steering columns for several North American industries, such as agricultural, construction, and distribution/warehouse at this location. Coram Group has four subsidiaries across the globe in Italy, Taiwan and the United States.
The City is excited to have another international company choose Fort Wayne for its North American headquarters, stated Mayor Tom Henry. We are excited to be able to provide a prosperous and thriving environment for Coram to continue to grow.
Coram USA is eligible for $215,000 in EDGE tax credits from Indiana Economic Development Corporation (IEDC) as well as $50,000 for skill enhancement funds. WorkOne Northeast has offered training and recruitment assistance. The City of Fort Wayne will consider approval of real estate and personal tax abatements with a total savings of approximately $20,200.
During sales trips to Italy over the last year, Dale Buuck, vice president of business development with the Northeast Indiana Regional Partnership, has established a working relationship with the executives of Coram Group sharing with them the offerings of the region.
It is exciting to see how quickly Corams initial interest in Northeast Indiana turned into business investment, said Buuck. A key to the success was finding experienced talent in the community to begin work promptly. Our focus on connecting workforce and economic development are paying off in helping us to land projects.
Our companies design, manufacture and market a wide range of products and systems. We are the ideal partner for manufacturers of industrial vehicles, agricultural machinery, construction equipment, machinery for the handling of goods, and wind generators as a result of our experience of over 50 years in business. To learn more about Coram Group, visitwww.coramgroup.com.
About Northeast Indiana Regional Partnership
The Northeast Indiana Regional Partnership was formed in 2006 to help build a globally competitive economy in Northeast Indiana. It is a public-private partnership focused on generating business leads and building regional capacity through product development and effective regional collaboration. The Northeast Indiana Fund (Fund) was created in 2005 to operate as a supporting organization of the Northeast Indiana Regional Partnership, focused specifically on product development and regional collaboration. In 2010, the Partnership launched Vision 2020 to bring the region together around five key areas for economic growth: 21st Century Talent, Competitive Business Climate, Entrepreneurship, Infrastructure and Quality of Life. Through its combined efforts in business development and capacity building, the Partnership supports its 10 member counties: Adams, Allen, DeKalb, Huntington, LaGrange, Noble, Steuben, Wabash, Wells and Whitley counties. For more information, visitwww.NEIndiana.com.