In another example of President Trump’s administration benefitting small businesses, an Indiana company that manufactures Gummi Bears and other confections announced Wednesday that it is planning to expand in a big way.
According to a spokesman for the the Albanese Confectionery, the company is planning a 3-year, $33 million capital investment at its Hobart production and retail facility that will result in the hiring of approximately 150 additional employees.
“We estimate we’ll have upwards of 550 employees by 2019,” said James Dragon, director of engineering for the Albanese Confectionery.
When Dragon began working at the company in 1995, the company only had 10 to 12 employees at its Merrillville facility.
The company received approval from the Hobart City Council on Wednesday for a resolution granting a 10-year personal tax abatement for the multi-year project that Dragon said would include a fourth production line, packaging line, bulk sugar system and other production plans.
The Hobart plant has already been expanded to accommodate the new lines.
“Without the tax abatement, we would not be able to do this expansion,” Dragon said.
According to the Chicago Tribune, the first phase of the project is slated to begin in January.
Mayor Brian Snedecor said the Hobart City Council considers the Albanese Confectionery a valuable partner with the city.
“What they do helps stimulate the economy to other businesses in the area,” said Snedecor.
Councilman Josh Huddlestun, D-2nd, said he was amazed at all the countries in which Albanese Gummies can be found, including some Caribbean islands.
In 2014, Albanese Confectionery spent more than $16 million to expand its candy manufacturing and retail store in Hobart from 122,000 to 190,000 square feet.
The new expansion comes during the 20th anniversary of the current facility, which was constructed from 1998 to 1999.
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