SELLERSBURG, IND. (September 9, 2020) – With the assistance of One Southern Indiana (1si), the chamber of commerce and lead economic development organization for Clark and Floyd counties, Ind., Owings Patterns, Inc., will appear before the Sellersburg Town Council on Monday, September 14, 2020. The company will ask for a tax abatement for the $445,000 purchase and retooling of a format in-line thermoforming machine, which will keep the company competitive in its field.
The business provides tooling and production for the thermoforming industry as well as prototype, production and engineering of tooling services for heavy- and thin-gauge plastic thermoform and vacuum-formed parts. Industries served by Owings Patterns, Inc., include the heavy truck, food and beverage, custom packaging, farm and agriculture, and medical industries.
“The project plan is to purchase a Soncorpwhite series 2500 thermoformer, capable of handling larger formats, thin-gauge thermoforming for packaging and shipping container part production. The expansion in thin-gauge thermoforming production will ultimately expand our tooling demands,” Bob Owings, president of Owings Patterns, Inc., said recently. “We appreciate the Town of Sellersburg considering our request and anticipate the support and value-add Owings Patterns provides to the community to continue for years to come.”
Owings Patterns, Inc., was founded in 1975 by James R. (Bob) Owings, Jr. who was succeeded by his son Robert R. (Bob) Owings. The company moved to Sellersburg in 2011 due to the business-friendly environment and opportunities to engage with community leadership for talent development, attraction and retention in the region, according to Owings.
Owings Patterns, Inc., continues to develop its customer base due to the diversity of its capabilities. This includes, but is not limited to, providing project development, project management, tooling and production for the thermoformed plastics industry. Currently the facility employs 22 individuals, but it could hire as many as 12 new employees at a wage 17 percent higher than the county average hourly wage. This hiring would take place over the next five years, should the company move forward with the purchase.
The Indiana Economic Development Corporation (IEDC) offered Owings Patterns, Inc., up to $100,000 in conditional tax credits based on the company’s job creation plans. These incentives are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.
“Indiana is the strongest manufacturing state in the U.S., with one in five Hoosier jobs supporting the industry,” said Indiana Secretary of Commerce Jim Schellinger. “Companies like Owings Patterns that continue choosing the Hoosier state for growth are proof that Indiana’s 21st century workforce is well-equipped to support our economic growth for years to come, and we’re proud to continue supporting their growth.”
Sellersburg Town Manager Charlie Smith said, “This is an exciting time in Sellersburg. Not only is attracting new business to town a top priority of this council, but so is retaining and expanding our current businesses. The council’s consideration of support of this expansion shows the business community Sellersburg is open for business. The time of Sellersburg following our neighbors has passed, this council wants to be the leader.”
“Focusing efforts on supporting our existing businesses and encouraging favorable economic policies which help those businesses grow is the backbone of the 1si economic development mission,” said 1si President and CEO Wendy Dant Chesser. “Owings Patterns is a home-grown business providing above average-wage jobs to the citizens of Sellersburg, and we will continue to work with them to ensure their future is a successful one.”
About Owings Patterns, Inc.
Owings Patterns Inc. provides tooling and production for the thermoforming industry, as well as prototype, production and engineering of tooling services for heavy- and thin-gauge plastic thermoform and vacuum-formed parts. Industries served by Owings Patterns include the heavy truck, food and beverage, custom packaging, farm and agriculture, and medical industries. For more information, visit the website at www.owingspatterns.com.
About One Southern Indiana:
One Southern Indiana (1si) was formed in July of 2006 from the economic development organization serving Clark and Floyd counties and the chamber of commerce. 1si’s mission is to help businesses thrive in the Southern Indiana and metro area.
Since its inception, the organization has evolved to include a three-prong approach to serve its members and investors. Business resources, as the chamber side of the organization, encompasses membership, signature events and programs which support and encourage business growth; economic development works to grow the regional economy through the attraction of new commerce and assists with retention and expansion of existing businesses; and advocacy supports businesses at the government level by engaging in the initiatives to preserve, protect and promote a business-friendly environment free of obstacles to growth and development of commerce. For more information on One Southern Indiana: www.1si.org