Sustainable Manufacturer Plans Multi-Million-Dollar Investment in Southern Indiana

SCOTTSBURG, Ind. (Nov. 15, 2022) - GIM Inc., a green sustainable manufacturer of composite and steel solutions, announced plans today to establish operations in Scottsburg, creating up to 135 new jobs by the end of 2026.

"Indiana's manufacturing industry continues to lead, advancing new technologies and innovations - another example of Indiana's strong advanced manufacturing leadership and supportive business climate," said Indiana Secretary of Commerce Brad Chambers. "GIM Inc.'s SPS solutions offer a more sustainable solution for our world's building and infrastructure needs, ensuring that our future is safe and environmentally friendly. We look forward to welcoming the company to Indiana and our robust manufacturing sector."

GIM Inc., which is based in Louisville, Kentucky, will invest $18.47 million to develop a new manufacturing campus on West Weir Road in Scottsburg. The company will revitalize the former Tokusen USA facility that closed in 2017, renovating and equipping the existing buildings and investing $3 million in new construction to expand the footprint of the campus and enable GIM Inc. to increase production of Sandwich Plate System (SPS®) - a load-bearing structural composite panel used in place of concrete - for a variety infrastructure and development needs.

The company expects to begin construction on its new Scottsburg manufacturing campus in January 2023 and start hiring for a variety of positions, including welders, fabricators, CNC technicians, CDL drivers, engineering designers, front office and sales associates, in December to support its operations. New positions are expected to offer salaries above the Scott County average wage.

"This is an important strategic investment for GIM Inc.," said Chris Gibbs, president of GIM Inc. "We are launching entry into a market to meet the increased demand for environmentally sound, time-saving solutions for infrastructure in the United States and beyond. The state of Indiana, the city of Scottsburg and One Southern Indiana have been fantastic partners, working hard to make this process a smooth one as we are choosing southern Indiana for our manufacturing footprint."

GIM Inc. is a network partner of SPS Technology, manufacturing its load-bearing structural composite panel that offers a high strength-to-weight ratio and extended fatigue life, making it an ideal replacement for concrete in bridges, parking garages, stadiums and arenas, heavy duty and clean room floor panels, and special applications such as threat protection. Modular, fabricated SPS avoids the negative environmental effects of concrete while offering time savings and reducing road shutdowns and slowdowns during bridge construction. GIM product lines also include agricultural, commercial and industrial building steel frames and educational facilities.

"This is big news for the city of Scottsburg and for the region," said Scottsburg Mayor Terry Amick. "We're so excited to be working with the team at GIM Inc. as they build on their tremendous success and establish a vibrant presence in southern Indiana. This building has a great history and will serve as the perfect home for this company as it grows here in Scottsburg."

Based on the company's job creation plans, the Indiana Economic Development Corporation committed an investment in GIM Inc. of up to $1.9 million in the form of incentive-based tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Scottsburg approved additional incentives.

About GIM, Inc.
GIM, Inc. is a green sustainable manufacturing company founded to create and fabricate intellectual proprietary products for various industries and to provide superb structural engineering and design, with a proven network of suppliers to deliver on time. The company has developed a diverse portfolio of products to sustain the business through multiple types of economic shifts, and believes in supporting and fostering growth in the communities where they live and work. For more information, visit GIM, Inc. at gibmfg.com.

About IEDC
The Indiana Economic Development Corporation (IEDC) is charged with growing the State economy, driving economic development, helping businesses launch, grow and locate in the state. Led by Secretary of Commerce Brad Chambers, @SecChambersIN, and governed by a 15-member board chaired by Governor Eric J. Holcomb, @GovHolcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit iedc.in.gov.