Tennessee company eyes expansion into Elkhart
GOSHEN — Elkhart County is competing with areas in three other states to become home to the newest campus of a Tennessee-based renewable energy and chemical coating company that works on military and government projects.
Pison Stream Solutions has set its sights on a former production plant on the southwest side of Elkhart, where the company hopes to hire up to 90 full-time employees including production workers, managers and chemists. The Elkhart County Council gave preliminary approval to the company Saturday, Sept. 14, for a seven-year property tax phase-in.
While Pison is eyeing a building at 28335 Clay St. in Elkhart, the company is also looking into locations in Pennsylvania, Michigan and Virginia.
“Elkhart, I will say, is our first choice,” said Fran Oroson, the company’s facilities director. “The facility that we’re looking at here will serve our purposes very, very well. It needs a lot of renovations, but we are already getting ready to look at people that could possibly come in and do this for us.”
Frank Kroger, a consultant for Pison, said the company works with powder coatings, which he described as the “wave of the future.” Pison has been in business since 2010.
In exchange for a property tax phase-in, Pison plans to create 90 jobs with annual salaries totaling $2.8 million. In addition, the company would invest $1.1 million in redevelopment and rehabilitation of real estate and buy up to $2.25 million in machinery and equipment as well as $1.4 million in new information technology equipment. If approved by the county council, the company would be required to stay in operation in Elkhart for at least 11 years.
The county council is expected hold a final vote on Pison’s property tax phase-in request Nov. 2.