Precision Automation Company, Inc. (paco manufacturing) will undergo expansion as they merge their New Jersey-located manufacturing operation to Clarksville, Indiana, which will more than double their throughput capacity. In addition to relocating 15 pieces of production machinery and support infrastructure from the New Jersey location, the project involves a total capital investment of $157,017 and will create approximately 14 new full-time positions by 2025. The company has 14 associates at its current location. The move also includes ongoing training for new business activities with $153,000 in expected total training expenditure by 2025.
Since 1946, Precision Automation Company, Inc. has provided high quality Automation Systems, Contract Machine Work, Fabrication, Machinery, Controls, and related integration services that improve productivity for their customers. Additionally, they work with several industries such as pharmaceuticals, food and beverage, warehousing and distribution centers, and consumer goods. Now, they will continue to serve a diversity of markets both domestically and globally by expanding their Clarksville operation which has been in Indiana since 1953 and the current Clarksville location since 1968.
Based on the company’s Indiana job creation plans, the Indiana Economic Development Corporation (IEDC) committed an investment in paco manufacturing of up to $130,000 in the form of incentive-based tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.
“We are delighted about the expansion of Precision Automation in Southern Indiana,” said One Southern Indiana CEO and President Lance Allison. “The move underscores the attractiveness of our business and economic development environment and the strong network we offer to companies looking to grow in the region.”