Jasper, IN: Stens, LLC, a global supplier of replacement parts for the outdoor power equipment industry, will expand its headquarters in Jasper, Indiana creating up to 98 new jobs by 2015. This was a very competitive project with Louisville, KY.
Stens is a division of Ariens Company and will invest $2.28 million to purchase, renovate and equip a 208,400 square-foot building at 1220 Power Dr. on the city’s south side. Renovations on the facility, which will house the company’s headquarters and distribution center, will begin next month. Operations will transfer to the new site in August when facility upgrades are expected to be complete.
FairWinds Advisor was able to negotiate both state and local incentives. The Indiana Economic Development Corporation offered Stens, LLC up to $750,000 in conditional tax credits based on the company’s job creation plans. The City of Jasper has approved additional tax abatement at the request of the Dubois County Area Development Corporation.