The Herald Bulletin

Morning Update

Local Business

October 23, 2012

Fishers firm to move to Anderson, add 107 jobs

Hy-Pro Filtration to build 122,500-square-foot production facility

ANDERSON, Ind. — In a formal announcement at City Hall on Tuesday, an industrial filtration products manufacturer said it expects to add more than 100 jobs in Anderson.

Hy-Pro Filtration, which had previously operated out of a 52-employee, two-building complex in Fishers, said it expects to bring 107 jobs to Anderson when it moves to a 17-acre plot just north of Nestlé USA’s facility next year.

The jobs carry an average hourly wage of $21 plus benefits and would come over the course of roughly three to four years, Hy-Pro operations manager Aaron Hoeg said Tuesday.

Hy-Pro expects to break ground next spring and begin production later that year.

In addition to the company’s headquarters, the new 122,500-square-foot facility would house manufacturing, assembly and warehouse facilities. Hy-Pro makes filtration products for hydraulic, lubricating oil and diesel fuel, used globally by industrial customers for heavy equipment organizations.

According to a release from the city, the company will invest $10.5 million to build its facilities over the next three years, Anderson offered $1.9 million in tax increment financing to Hy-Pro based on the company’s employment numbers and property investment.

According to the Indiana Department of Economic Development, Hy-Pro will also receive state incentives, including $150,000 in job training funds and a prorated $375,000 for hiring 50 new employees before 2015, provided they hire Indiana residents.

The company chose Anderson after exploring options across Indiana and in Washington state. Mayor Kevin Smith said the addition to the local economy was a testament to the city’s labor market, low operating costs and other factors that attract new companies.

“We’ve said for many years that Anderson is a good place to do business,” Smith said Tuesday.

Hy-Pro is the latest in a string of nine jobs announcements made by the mayor’s office this year, accounting for 1,067 jobs and $206 million in new investments.

Smith said his office has been approached by other companies interested in Anderson, although he wouldn’t get into specifics.

He said he hoped the new jobs would help fight a trend of above average unemployment for the Anderson area.

In August, the Bureau of Labor Statistics reported 9.5 percent unemployment in Anderson. That’s down from 10.7 percent a year earlier, but still higher than the state’s unemployment, which was 8.3 percent in August.

“Anderson, on average, is higher than the rest of the state,” Smith said. “That’s a trend we’d like to reverse.”

Reporter Stuart Hirsch contributed to this story.

Find Baylee Pulliam on Facebook and @BayleeNPulliam on Twitter, or call 648-4250.

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