The Herald Bulletin

Overnight Update

Local Business

January 24, 2013

Local startup will expand, add 16 jobs

ANDERSON, Ind. — Another local company says it’s planning to expand and add jobs in Anderson.

Coeus Technology, a startup based in the Flagship Enterprise Center business park, said it plans to hire 16 employees over the next four years, with an average hourly wage of $15 and payroll of about $400,000 per year.

The expansion would involve moving some of the manufacturing for its products — such as Monofoil and Ultra 7, which help protect surfaces from mold, algae, bacteria and viruses — to Anderson. Most of the manufacturing is currently outsourced to Illinois and Wisconsin.

That could happen as early as mid-May, said Coeus CEO Nathan Richardson.

He said that would include bottling, packaging and delivering. The company could produce between 3.5 to 5 million gallons of its products per year when it’s operating at full capacity.  

The jobs would mainly be in production, warehousing, management and office staff positions, he said, and depending on how the expansion goes, there could be more coming.

“We plan on staying in Anderson for a while, and bringing more new jobs,” he said.

The announcement comes on the heels of two others recently made at Flagship, including the grand opening of Honda parts supplier Greenville Technology, Inc. and one from Keihin North America, which said it would soon consolidate its corporate headquarters to Anderson.

“We welcomed them to our community with significant job creation, technology, impact, and national attention,” said Flagship CEO Chuck Staley. But “the fact is, we need both large and small companies to reach our goals.”

To help fund the expansion, the city committed $75,000, which Coeus can only use to purchase bottling and packaging equipment. The company expects to spend another roughly $85,000 for the project.

According to a release, the city’s financial incentive also allows the city to take advantage of Certified Technology Park revenue from the state, which it can draw off many businesses located at Flagship.

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

1
Text Only
Local Business
  • Clark, Big Joe mug [Duplicate] 'Big Joe' Clark: Plan your strategy for financing higher education Planning is essential regardless of the situation, but no plan is perfect. There will be flat tires and snow days, but there will also be dances and great memories. Let’s plan for what we can even if we know it won’t be perfect.

    August 1, 2014 1 Photo

  • boynton, brandon photo Teen receives funding for business venture Brandon Boynton is moving forward with his business dreams, thanks in part to a local working capital loan and a fundraising campaign.

    July 30, 2014 1 Photo

  • Senior housing project advances If all the pieces fall into place within the next two weeks, construction on a new senior housing development could begin this fall.

    July 30, 2014

  • Roundabout bids higher than expected Bids for a planned facelift of the gateway into Anderson from Interstate 69 at Scatterfield Road came in considerably higher than the engineer’s estimate for the project.

    July 29, 2014

  • FEA - HB0729 - Senior Falls Aging safely in the comfort of her home Marilyn Moneyhun said being totally reliant on others is difficult. "Losing your independence is a shock to your system," Moneyhun, 84, said. "You are not in control anymore."

    July 29, 2014 1 Photo

  • NWS - HB0728 - business expansion CB Fabricating makes $2 million investment

    A local business founded in 2006 has invested $2 million in new equipment and a building expansion.

    July 29, 2014 1 Photo

  • Charo Boyd: 'My Social Security' simplifies your life So many people buzz through extremely busy and complicated schedules these days. A smartphone in one hand, a computer in front of you, and a digital task list that never seems to end. In addition, to complicate things just a little more, there’s another event you need to add to your list — National Simplify Your Life week.

    July 28, 2014

  • nws - hb0725 - colts - jc - 4.jpg Colts camp's impact: pricey or priceless?

    Football fever is here and the city is flooded with fans eager to catch a glimpse of a favorite player. But officials say they are unclear what kind of economic impact the Indianapolis Colts training camp has on the area.

    July 26, 2014 1 Photo

  • BIZ - HB0727 - Skill gap 2 Seeking a solution today, not tomorrow Tina Warner-Morton says she wants to open her own healthcare business because it is too difficult to work for an employer with unclear employee expectations.

    July 26, 2014 1 Photo

  • BIZ - HB0727 - Cathy Cupboard Biz Profile Business Profile: Cathy's Cupboard focuses on customer satisfaction Cathy McPhearson opened her first storefront in June, but this is not her first venture into business. “I have always wanted to have my own business,” she said. “The problem was finding what people like, but everyone seems to like candles.”

    July 26, 2014 1 Photo

Stocks
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide