A local manufacturer is planning to create nine new jobs by mid-2015 as it invests $1.3 million in new equipment and real estate improvements, according to paperwork filed with Allen County.
Hercules Machinery Corp. already employs 30 full time at 5225 New Haven Ave., New Haven. The company has the opportunity to expand to adjacent property. The new jobs are welding, CNC machine operating, assembly, sales and accounting positions.
The company makes, sells and leases construction equipment such as diesel pile-driving hammers and foundation-related machinery.
Nikki Liter, the county’s economic development specialist, estimated that Hercules could save $71,500 in taxes during a seven-year period if recommended phase-ins are approved by the Allen County Council.