A clean-tech science and engineering startup company, announced plans today to establish operations in Wabash County, creating new jobs by 2021.
10X Engineered Materials LLC will invest more than $4 million to establish a 50,000-square-foot operations center at 1162 Manchester Ave. in Wabash, with plans to add another 22,000 square feet to accommodate its growth.
Construction on its facility is scheduled to begin this year.
They’ll be hiring up to 26 full-time employees, including a plant manager, skilled maintenance and manufacturing associates, administrators and salespersons. New positions are expected to offer salaries above the county average wage. Interested applicants should visit the company’s career site at www.10XEngineeredMaterials.com.
“10X is proud to call Wabash home. As a fast growing clean-tech company it was important we invest in a location with pro-growth policies while also offering our company Midwestern values that align with our company’s core values. 10X is playing an active role in securing a sustainable future through game-changing innovation, ” said Jacob Vaillancourt, officer of 10X.
“The well-known “Hoosier Hospitality” has been refreshing and we are excited to become a contributing and cooperative member of the community. The industrial talent of Indiana’s workforce will be critical for us as we continue to develop and manufacture next-generation material products in Indiana and across the country.”
The IEDC has offered 10X up to $145,000 in conditional tax credits and up to $100,000 in training grants 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. The city of Wabash will consider additional incentives at the request of Grow Wabash County.
