Indiana County Looks To Fill Empty Factory

TIPTON, Ind. (AP) -- A central Indiana county is trying to attract a renewable energy company to take over a sprawling factory that a Chrysler supplier stopped building last year.

Tipton County officials on Monday approved a resolution outlining tax incentives to the company, which was not identified.

Rick Hall of the Indianapolis law firm Barnes & Thornburg said the company was planning to invest $450 million in property improvements and equipment and hire 850 people. Hall said the company had not decided on the Tipton site.

The 781,500-square-foot factory along U.S. 31 was 90 percent complete when German auto parts maker Getrag halted construction on the planned 1,400-worker transmission plant in October. That happened after Chrysler withdrew from a financing agreement and left the plant without a primary customer.

More in Operations