Greater Fort Wayne Business Weekly
The Indiana Economic Development Corp. is offering Fleetwood RV up to $9 million in performance-based tax credits and $100,000 in training grants following the company's previous announcement that it would move its headquarters to Decatur, resume production and add workers.
Private-equity firm American Industrial Partners completed the $53-million purchase of Fleetwood RV from Riverside, Calif.-based Fleetwood Enterprises in July. Following the acquisition, Fleetwood RV officials said the company's headquarters would be moved to its Decatur operations.
The company resumed production and expects to have about 650 workers at its RV and Gold Shield subsidiary operations by the end of the month, Fleetwood RV President John Draheim said in July. At that time, he said nearly all of the workers who had been hired were previously laid off by Fleetwood Enterprises, which filed for Chapter 11 bankruptcy in March
When production returns to full speed, the number of workers could be closer to 800, Draheim said.
The company is consolidating manufacturing operations in California and Pennsylvania at its Decatur facilities, and it expects to invest $7.4 million in building improvements, machinery and equipment, and retooling. It also will relocate $8 million in equipment from out-of-state operations, according to a statement Wednesday from the IEDC.