MUNCIE — DD Dannar LLC, of South Carolina, announced Wednesday that it is moving its corporate headquarters, high-tech engineering and Mobile PowerStation assembly facility to Muncie.
Dannar, a producer of alternatively powered heavy equipment for the governmental sector, will create 288 new jobs and will invest as much as $4.65 million in real estate improvements, equipment and technology over the next four years, according to a company news release. The company will initially occupy 25,000 square feet in the Delaware County-owned Business Center, 4620 W. Bethel Ave.
The Muncie facility will produce the Dannar Mobile PowerStation (MPS), the first in a new class of purpose-built vehicles for the government and military that will perform maintenance and provide supplemental off-grid power. The Dannar MPS will be the first vehicle of its kind to combine battery electric power with a hydraulic drive-train, said Gary Dannar, CEO and founder of DD Dannar, LLC.
A performance-based incentive package that includes a $150,000 low-interest loan, free rent for three years, and $500,000 in improvements at the Business Center facility is under consideration by the Delaware County Redevelopment Commission; a vote on the proposal is expected next week.
Projections call for 20 employees in the first year, growing to 479 in year five. The average pay rate of the new jobs is projected to be $27.33 per hour.
The Indiana Economic Development Corporation offered DD Dannar LLC up to $2.6 million in conditional tax credits and up to $25,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.
— For The Herald Bulletin