The Herald Bulletin

Morning Update

Local News

February 24, 2014

New company thrives in Anderson

$3.6 million investment and more jobs planned

(Continued)

The Indiana Economic Development Corporation (IEDC) has offered Echo Automotive up to $100,000 in conditional tax credits and up to $30,000 in training grants based on the company's proposed expansion plans. The credits would not be available until after the company had filled the new positions.

Plotke said his company is working closely with the city of Anderson to secure a tax abatement and create even more jobs in the near future.

Like Traci L. Moyer on Facebook and follow her @moyyer on Twitter, or call 648-4250.

A closer look Echo Automotive Inc. is a development stage company and the creator of EchoDrive, a cost-reduction solution that can convert fleet vehicles into highly fuel-efficient hybrids and plug-in hybrids. EchoDrive, which is installed in new and existing vehicles, is used to substantially reduce a vehicle's fuel consumption. Source: www.echoautomotive.com

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