LAPORTE, Ind. (AP) — Gov. Mike Pence is traveling to northern Indiana for what his office calls an economic development announcement involving hundreds of jobs.
The announcement involves the Alcoa Howmet factory in LaPorte, which makes castings for the aerospace and industrial gas turbine industries. Greater LaPorte Economic Development Corp. Executive Director Bert Cook tells The Times of Munster (http://bit.ly/1rhR1KB ) the announcement involves a previously reported expansion plan by the company.
The LaPorte City Council in February approved a 10-year tax abatement for Alcoa Howmet, which had plans to invest $110 million into its 200,000-square-foot manufacturing plant.
Cook says the investment is expected to result in 312 new jobs and $23 million in additional payroll.