$9.6 million investment announced for Hamilton manufacturer

HAMILTON, Ind. (WPTA21) — 13 new jobs are planned as Hamilton-based Triton Metal Products expands its facility.

The company announced a 20,000-square foot facility expansion. The expansion will let them optimize their manufacturing processes and create 13 full-time jobs.

The jobs include production team members, customer service representatives, engineers and management positions.

The expansion comes as the company received $9.6 million in state and local incentives. The company will use $1.5 million for the building expansion and $8.1 million for equipment and machinery.

The Indiana Economic Development Corporation offered Triton Metal Products up to $90,000 in conditional tax credits based on the company’s job creation plans. These incentives are performance-based, meaning that until Hoosiers are hired, the company is not eligible to claim incentives. Northeast Indiana Works offered incentives through talent recruitment, training and computer workshops. The town of Hamilton offered the company $178,651 in tax abatements.

“The incentives from state, regional and local sources create a tremendous opportunity for us,” said John Freudenberger, CEO of Triton Metal Products. “At Triton, we’re all about making a meaningful difference in the lives of our team, our community and our customers. These funds help us to do just that.”

Freudenberger anticipates breaking ground on the expansion in April, with construction complete by fall 2019. Triton is currently accepting applications for the new positions. People can apply at http://tritonmetalproducts.com/.

Jacob Burbrink

Jacob Burbrink

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