Alliance Steel, a manufacturer of flat-rolled steel supply and coil processing, has finalized plans to locate operations in Gary with a $19.7 million investment.
“Today’s news is an exciting step forward for the city of Gary and the northwest Indiana region as we welcome Alliance Steel to the Hoosier state,” Gov. Eric J. Holcomb said in a statement.
The company, which currently employs around 100 workers, will invest $19.7 million to establish operations in Gary, purchasing and equipping a 250,000-sq. ft. facility at 2700 E. 5th Ave. The company plans to begin renovations in early 2019.
Alliance Steel expects to be operational in northwest Indiana by January 2020. With the expansion, the company plans to increase workforce training on new equipment and add drivers to handle the extra volume.
“Northwest Indiana and Gary are making all the right moves to recreate a very promising industrial area, and Alliance Steel hopes to be one of the cornerstones that provides a track for this new cycle,” said Andy Gross, president and CEO of Alliance Steel.
The Indiana Economic Development Corporation (IEDC) offered Alliance Steel up to $1.85 million in conditional tax credits and up to $150,000 in training grants based on the company’s job creation plans.