American Quality Molds is Awarded $53,500 Through a grant from the State’s Manufacturing Readiness Program

American Quality Molds (AQM), a subsidiary of Shrader Enterprises, LLC, 710 NW 5th Street, Richmond, has been awarded a $53,500 matching grant from the State of Indiana as part of the Manufacturing Readiness Grant program. The grant program, administered by Conexus Indiana and the Indiana Economic Development Corporation, was created in response to the recent, […]

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Wayne County Loan Program Awards Over $330,000 to Small Businesses, Round 2 Gets Underway August 5th

The Wayne County COVID-19 Small Business Loan Program, a collaboration between local city and county leaders, awarded 15 small businesses in Wayne County a total of $331,000 in no-interest loans. The loan program was developed to assist small businesses in the county that were negatively impacted by COVID-19. Denny Burns, Wayne County Commissioner and Chair […]

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Phillips Tube Group Selects Wayne County for First Indiana Location

Phillips Tube Group, a welded steel tube manufacturer, announced they will locate a new facility in Richmond located at 401 Industrial Parkway in the Eastern Indiana Industrial Park. The company plans to invest $8.2 million and hire 30 new full-time employees by 2024 paying an average hourly wage of $26. CEO and owner of Phillips […]

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County-Wide COVID-19 Loan Program Opens

Local city and county leaders have been working collaboratively for several weeks to identify the best way to support Wayne County’s small business community. Knowing that many were severely impacted by COVID-19 due to partial or complete shutdowns, local leaders knew if resources were not quickly made available, we could lose our locally owned retailers […]

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Aluminum Billet Manufacturer Selects Richmond, Indiana

An aluminum billet manufacturer will locate a new facility in Wayne County. Element 13, LLC, a new business start-up will construct a new 60,000 square foot facility on 15 ½ acres located at the corner of North Round Barn and Gaar Jackson roads in Richmond’s Midwest Industrial Park. The company is projected to create 30 […]

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EDC of Wayne County Hosts May Board Meeting Via Zoom

The EDC of Wayne County will hold a regular business meeting on May 11th at 11:30 a.m. via Zoom. While this was originally scheduled to be the annual meeting, that event has been postponed until it is deemed safe to hold events of that size. The annual meeting can attract up to 80 people. See […]

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SBA Designates Indiana for Economic Injury Disaster Loan Assistance

The Small Business Administration (SBA) has designated Indiana as eligible for loans due to economic injury from COVID-19. You can find more information and details on how to apply here. Find a printable handout here. For assistance in East Central Indiana contact Indiana Small Business Development Center (ISBDC) business adviser, Scott Underwood at 765-686-1041.

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DAK Americas Plans Expansion at Richmond Facility Creating 30 New Jobs

DAK Americas LLC, an Alpek Polyester Business, will expand its Richmond facility located at 1561 NW 11th Street. The PET recycling company plans to invest $32 million and hire 30 new full-time employees with an average wage of $20.89 by the end of 2021. The Economic Development Corporation (EDC) of Wayne County will provide an […]

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