EVANSVILLE, Ind. (July 17, 2018) – EnCom Polymers, Inc., a rapidly growing custom compounder of high performance polymers serving multiple industries, announced plans today to expand its headquarters here by integrating volume from out-of-state production locations to Evansville, creating 56 new jobs by 2021.
“Indiana has a strong reputation for making products that power our world, but we’re also innovating new solutions that are driving industries forward,” said Elaine Bedel, president of the Indiana Economic Development Corporation (IEDC). “With a fiscally predictable, pro-growth business climate, entrepreneurs and small businesses like EnCom Polymers can expand and create new, skilled jobs for Hoosiers with confidence.”
The privately-owned business will invest $2.4 million to purchase and renovate its existing 58,000-square-foot headquarters at 4825 N. Spring Street in Evansville that it is currently leasing. In addition, EnCom will invest $8.3 million in state-of-the-art laboratory and production equipment to produce their custom formulations of high performance polymers in-house. The company plans to have its first production line in Evansville installed and operational during September of this year, with additional lines being installed soon thereafter.
EnCom currently employs 14 Evansville-based associates with plans to expand their team to 56 over the next 3 years. The company plans to hire 17 positions immediately in manufacturing and professional services. Interested applicants may apply through Indeed.com. With this expansion, the company’s production, business development, logistics, R&D, quality, safety and compliance departments will all be centralized at its Evansville headquarters.
“We are grateful for the forward-looking leadership style our community leaders have exhibited which will allow us to take our company to the next level of performance and service,” stated Rick Kaskel, CEO and board chairman of EnCom.
EnCom Inc, founded in 2001, has grown rapidly by serving a broad range of industries including telecommunications, medical, electrical and electronic, material handling, automotive and industrial. The company is confident their centralized Evansville location will allow them to both continue their accelerated growth and provide world class polymers with impeccable service.
Evansville Mayor Lloyd Winnecke said, “EnCom’s decision to consolidate its operations in Evansville and its multi-million-dollar investment in training, facilities and equipment is a strong show of confidence in our city and local workforce. EnCom leaders thoroughly investigated other options and determined our community is the best place for the company’s future growth and prosperity.”
To encourage the investment and job creation, the Growth Alliance for Greater Evansville recommended before Evansville City Council an incentive package including 7-year Tax Phase-In on both real and personal property investments the company intends to make and a grant, not to exceed $25,000 for training assistance; requiring 50/50 match and applicable only to Evansville residents hired over the first 2 years of project implementation.
The Indiana Economic Development Corporation (IEDC) offered EnCom Polymers up to $550,000 in conditional tax credits based on the company’s job creation and investment plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives.
About EnCom Polymers, Inc.
Founded in 2001, EnCom Inc is a specialty producer of custom compounded high-performance polymers serving the automotive, transportation, electronic, consumer goods, lawn and garden equipment, medical, material handling, and industrial industries.
About Growth Alliance for Greater Evansville
The Growth Alliance leads Vanderburgh County’s economic development efforts assisting companies with growth plans in and into Vanderburgh County. The Growth Alliance manages many initiatives, including investment-based tax incentives for new and existing companies, management of Evansville’s business incubator–Innovation Pointe; supporting entrepreneurship and innovation, quality of place, and talent efforts for Vanderburgh County. Learn more at growthallianceevv.com.
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Abby Gras (IEDC) – 317.232.8845 or email