Software Developer to Expand Its Headquarters, Development Center in Valparaiso
VALPARAISO, Ind. (June 18, 2008) -Software and systems developer Integrated Process Automation and Control Technologies Inc. (IPACT) announced today it will expand its corporate headquarters and development center here, creating 10 new engineering jobs by 2011.
The company, which develops software and systems to improve the efficiency of manufacturing operations, will invest more than $2 million to construct a new headquarters and development facility in the northwest Indiana city.
"IPACT is a home-grown Indiana company and a prime example of a technology-based, high-growth business that will help advance and diversify our economy," said Lt. Governor Becky Skillman.
IPACT, which has developed efficiency improvement solutions for international companies in markets ranging from aerospace to food production, currently employs 25 associates and will begin hiring additional design and engineering associates this summer. It plans to open its new facility in the fourth quarter of 2008.
Founded in 1986, IPACT designs planning services and software to integrate operations such as supply chain management, manufacturing and distribution under the umbrella of one software database. The company was recently chosen to redesign the process automation system for a major candy manufacturer's chocolate production lines and as a result, was able to significantly increase the accuracy of the company's reported additive consumption.
"IPACT's strengths in manufacturing automation coupled with the growing opportunities within the sectors of food, metals, petrochemical, and aerospace have primed us for a larger state-of-the-art engineering and demonstration facility," said Mark Harbison, owner and senior staff engineer of IPACT. "We are genuinely excited about this expansion project and look forward to supplementing our already strong engineering team with graduates from nearby Valparaiso University, several Purdue University campuses and local technical schools like Ivy Tech. We believe Indiana represents an excellent location for our continued growth and for serving both our local and global clients, and the incentives from state and local governments have been an important part of making this expansion possible."
The Indiana Economic Development Corporation offered IPACT up to $100,000 in performance-based tax credits and $13,500 in training grants based on the company's job creation plans. The city of Valparaiso will provide property tax abatement.
"We're pleased to see companies like IPACT succeed in Valparaiso," said Valparaiso Mayor Jon Costas. "From their facility here, IPACT is able to serve companies worldwide, including Fortune 500 clients. Their expansion puts Valparaiso on the map for the industry, and adds new professional jobs -- not to mention a new state-of-the-art facility at Eastport Center."
Indiana's manufacturing industry was rated sixth in the nation and given an overall "A" grade, the highest ranking in the Midwest, according to Conexus Indiana's 2008 National Manufacturing and Logistics Report Card,. The report concluded that Indiana's manufacturing and logistics industries are "healthy vibrant and growing."
Incorporated in 1986, IPACT provides process and project design solutions for manufacturers in a variety of industries. IPACT has grown to a core group of 25 engineers with 10,000 square feet of operational space. Located about 40 miles southeast of Chicago in Valparaiso, Ind., IPACT has quoted and installed systems worldwide.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Indiana Secretary of Commerce Nathan Feltman serves as the chief executive officer of the IEDC. Since Daniels created the IEDC, the state has posted three consecutive years of record-breaking commitments for new jobs. For more information about IEDC, visit www.iedc.in.gov.
Kudos to Mayor Costas and the Valparaiso Economic Development team headed by Matt Murphy for working to create technology jobs in Valparaiso.