Minnesota-based Ecolab Inc. (NYSE: ECL) says it will invest $9 million at its plant in Huntington to expand operations and create 24 new jobs. The company, which specializes in water, hygiene and infe
January 8, 2021
The amount of capital raised by state technology firms in 2020 was way down from the previous year, but local industry leaders say that shouldn’t be taken as bad news.
After all, the venture and growth capital raised during a year marred by the COVID-19 pandemic still topped what was raised in 2018. And 2021 is setting up to be a strong rebound year, local tech officials said.
In 2020, more than $174 million in funding was announced by Indiana tech companies, according to a report released Tuesday by TechPoint, an Indianapolis-based industry advocacy group and tech accelerator.
That’s below the record $358 million raised by the state’s tech companies in 2019, but ahead of the 2018 total of $147 million.
by: Wes Mills, Inside INdiana Business
Posted:
Jan 12, 2021 / 12:34 PM EST
(INSIDE INDIANA BUSINESS) – Minnesota-based Ecolab Inc. (NYSE: ECL) says it will invest $9 million at its plant in Huntington to expand operations and create 24 new jobs.
The company, which specializes in water, hygiene and infection prevention solutions and services, says it will expand both its manufacturing and distribution facilities in the city.
Ecolab manufactures hand soaps and sanitizers at its Indiana location that are used in health care facilities, supermarkets and restaurants.
The company currently employs 100 Hoosiers in Huntington and will adding staff for production, R&D, and distribution.
The Indiana Economic Development Corp. offered the company $160,000 in conditional tax credits that are tied to the company’s job creation plans.
Packaging and supply-chain solutions company IQPack will next week, along with One Southern Indiana representatives, seek consideration for expansion plans before the city s redevelopment commission.
The Indiana Economic Development Corp. on Thursday released its 2020 scorecard for business development in the state. Despite the economic upheaval from the pandemic, the Hoosier State had what the IE