Indiana Limestone Co. Among 16 Hoosier Companies Announcing Major Business Expansions

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Governor Mike Pence Heralds Investment, Hiring Plans by Indiana Firms, Including ILCO’s Projected Staffing Increases of 57 Percent by 2017 and $9.37 Million in Capital Investment.

We at Indiana Limestone Company are tremendously proud to help lead the way in our state’s dynamic economic revival.

Indiana Limestone Co. was among 16 Indiana firms lauded recently by Governor Mike Pence for plans to increase jobs and investment around the state, according to a December article in the Indianapolis Business Journal.

The governor announced that ILCO’s near-term plans include investments of $9.37 million at quarries totaling 4,500 acres in the Bloomington and Oolitic areas. The expected payoff in new jobs is 75 by 2017, an increase of roughly 57 percent over the company’s current workforce of about 130. Hiring is to begin in March.

Based on its job-creation plans, ILCO is eligible to receive conditional tax credits of up to $450,000 and training grants of $100,000 through the Indiana Economic Development Corp.

“It’s a great honor to be cited by Governor Pence,” said ILCO CEO Tom Quigley. “We at Indiana Limestone Company are tremendously proud to help lead the way in our state’s dynamic economic revival.”

“The changes we project in staffing and investment track with steep increases already underway in demand for our products. We’ll need this augmented investment and hiring to keep pace with well-established trends that suggest new-construction spending will continue to strengthen going forward.”

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Duffe Elkins