Greenfield, IN: Stanley Black & Decker, Inc. (NYSE: SWK) announced plans today to expand its operations here, creating up to 136 new jobs by 2018. The New Britain, Connecticut-based company will invest $7.69 million to renovate and equip its 220,000 square-foot facility in Greenfield. With its growth, the company plans to begin producing DEWALT corded power tools in Indiana, including reciprocating saws, screw guns, hammer drills, one-half inch drills and small angle grinders. When fully operational, Stanley Black & Decker plans to produce 1.2 million power tools annually at its Greenfield facility.
The Indiana Economic Development Corporation offered Stanley Black & Decker, Inc. up to $625,000 in conditional tax credits and up to $200,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Greenfield will consider additional incentives at the request of the Hancock County Economic Development Council.