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Whitley County Companies Plan Expansion Projects

COLUMBIA CITY, Ind. (June 8, 2010) – Whitley County firms PDQ Workholding and Steve Reiff Inc., announced today that they will expand their operations, creating more than 90 combined jobs by 2013.

PDQ Workholding LLC, a startup manufacturer of hydraulic fixtures and workholding solutions for the CNC machining industry, will invest more than $3.8 million to lease and equip part of an existing 50,000 square-foot facility in Gateway Industrial Park, creating up to 45 new jobs.

Steve Reiff Inc., which provides a variety of commercial painting services to steel and heavy equipment manufacturers, will invest more than $1 million to construct and equip additional space at its current South Whitley-area operations. The company, which will create up to 47 new jobs, is contracting with another Indiana firm to paint hubs for wind turbines.

“Locally-owned companies like PDQ and Steve Reiff Inc. are the foundation of Indiana’s economy,” said Governor Mitch Daniels. “As companies like these get bigger, it’s nice to see them stay, invest and create jobs in their home community.”

Both PDQ and Steve Reiff Inc., plan to begin hiring additional production and supervisory associates later this summer as new work is phased in. Additional hiring will take place over the next few years.

“I am pleased to be launching PDQ Workholding in Whitley County,” said Jerry Busche, owner of PDQ Workholding, “This community provides an ideal location and a skilled workforce to support my business.”

“My family is excited to be expanding our business into new markets,” said Stan Reiff, Vice President of Sales at Steve Reiff Inc., “With the help of the state and the county, we are well-positioned to grow our company in the years ahead.”

The Indiana Economic Development Corporation offered PDQ Workholding LLC up to $400,000 in performance-based tax credits based on the company’s job creation plans. Steve Reiff Inc. was offered up to $300,000 in performance based tax credits. Whitley County this morning approved ten-year tax abatements for both projects at the request of Whitley County Economic Development Corporation.

“Whitley County greatly appreciates the opportunity to support both these companies’ proposed job creation and investment,” said Michael Schrader, president of the County Commissioners, “We look forward to working with the state to support their continued growth and success in the years ahead.”

The announcement of the Whitley County projects comes less than a week after Living Essentials, the maker of 5-Hour Energy, announced it would invest more than $15.5 million to add six new lines and a new production facility in neighboring Wabash County, creating up to 60 new jobs.

About PDQ Workholding LLC
PDQ Workholding LLC is a manufacturer of hydraulic workholding solutions for CNC machining. Headquartered in Columbia City, Ind., PDQ is led by industry veteran Jerry Busche.

About Steve Reiff Inc.
Steve Reiff, Inc. has grown into one of the largest in-house sandblasting and painting companies in the Midwest. Founded in 1972, the company specializes in painting large scale, fabricated steel components and heavy machinery. Headquartered in Columbia City, Ind., Steve Reiff Inc. also operates a facility in Antwerp, Ohio. For more information visit: www.stevereiffinc.com

About IEDC
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.

About Whitley County EDC
The Whitley County Economic Development Corporation (EDC) is the lead economic development agency in Whitley County, Indiana. The EDC works closely with local, regional, and state partners to support our industry clients’ growth and success. The Whitley County EDC was established in 1992 and represents Whitley County, Columbia City, and the Towns of Churubusco, Larwill, and South Whitley. For more information about the EDC, visit www.whitleyedc.com.

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Media Contacts:
Jerry Busche (PDQ) – 260.229.4676 or jabusche@gmail.com
Stan Reiff (Steve Reiff Inc.) – 260.723.4360 or sreiff@stevereiffinc.com
Blair West (IEDC) – 317.232.8873 or BWest@iedc.in.gov

Source: Indiana Economic Development Corporation

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