Alcoa Automotive expansion in Auburn will invest $6.9 million and add 57 jobs
May 3, 2004
Alcoa (Pittsburgh, Pa.), a producer of aluminum, fabricated aluminum and alumina, plans to invest approximately $6.9 million in its facility in Auburn, Ind., creating 57 new jobs and retaining 96 existing positions over the next year. The investment will help Alcoa supply engine subframe subassemblies and components for the General Motors Grand Prix and Buick Regal. The Indiana Department of Commerce and the city of Auburn have worked closely with Alcoa and will award the company a $634,473 incentive package, which includes $122,000 from Commerce's Skills Enhancement Fund, $50,000 from its Technology Enhancement Certification for Hoosiers fund and $300,000 in Economic Development for a Growing Economy tax credits. In addition, the city of Auburn will support the project with a $162,473 tax abatement on equipment.