(La Porte, IN) - Efforts to lure a multinational employer to La Porte involved incentives from the state level.
Matt Saltanovitz represents this region for the Indiana Economic Development Corporation. He spoke to the City Council Tuesday night about the state’s involvement in offering tax incentives. "This was a no-brainer for the state," he told the council. "We love it when Indiana companies, especially successful, long-time companies like Patrick Industries, are expanding. But we really like it when they choose Indiana for their expansion." According to Bert Cook, Executive Director of the La Porte Economic Advancement Partnership, Chicago was the other front-runner to land Patrick.
Saltanovitz praised the council for being pro-business. "It's so easy to do a project in La Porte," he said. "The business climate you've created in the city here is a testament to the work that you've all done."
The state is offering Patrick Industries tax credits worth up to $360,000. The credits are contingent upon the company hiring at least 31 Hoosier workers.
Finding workers these days is hard enough. But according to Saltanovitz, finding available space is even harder for growing companies like Patrick Industries. "In my line of work, I speak to a lot of companies that are looking to expand or locate here in northwest Indiana," he told the council. "And the number one challenge by far is inventory and available space for them to come."
The new Thomas Rose Industrial Park building, which isn’t even fully finished, was a primary reason for Patrick Industries to pick La Porte.