NEWPORT, Indiana --Telic Corporation will establish its newest Indiana operations here creating up to 500 new jobs by 2010.
The company, which develops and manufactures equipment for the United States Military and provides security, technical and administrative services worldwide, will invest more than $1.2 million to site an administrative support, manufacturing and development center at the Newport Chemical Depot.
Telic Corporation, which employs hundreds of associates at defense industry projects throughout the United States and overseas, plans to begin hiring engineers, human resources associates and maintenance technicians in the first quarter of 2010 as equipment upgrades are made to the site.
"Our clients are selective that their vendors have the most advanced capabilities. We have found the qualifications of the workforce available in Vermillion County coupled with NECD's facilities second to none," said Frank Minton, president of Telic Corporation."
Incorporated in 1998 with operations in Crawfordsville, Ind., Albany, Ky., and Kabul, Afghanistan, Telic Corporation provides security, mechanical and engineering support services for the United States Military operations in Afghanistan. The company, a member of the National Veteran-Owned Business Administration, holds contracts with the U.S. Army, U.S. Navy, U.S. General Services Administration, U.S. Department of Veterans Affairs, U.S. Department of State, Parsons, and Fluor.
The Indiana Economic Development Corporation offered Telic Corp. up to $3.8 million in performance-based tax credits and up to $125,000 in training grants based on the company's job creation plans. Vermillion County will consider additional property tax abatement.
Telic Corporation is a defense contractor which specializes in development and manufacturing of ordnance and equipment for the US Military. Telic provides security, technical, and administrative services worldwide. Founded in 1998, the company employs hundreds of associates at defense projects throughout the country and overseas. Telic is a member of the National Veteran-Owned Business Association. For more information visit www.teliccorporation.com
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