Eagle Railcar Services, an independent provider of railcar repair services, opened the company's first Indiana facility in Daviess County, which has already created more than 100 new Indiana jobs.
The company, which is headquartered in Eastland, Texas, is investing more than $18 million to establish and equip a 150,000-square-foot railcar repair and maintenance facility at 1723 W. Walnut St. in Washington. Eagle Railcar Services started construction in 2016, revamping an existing 80,000-square-foot facility and its on-site rail infrastructure that was previously home to BW Services and required significant demolition and renovations. The company, which is now operational in southwest Indiana, is also constructing 70,000 square feet of new structures, which are scheduled to be completed by the end of this year.
Eagle Railcar Services, a privately-owned firm, has already hired more than 100 employees in Indiana, exceeding its 2017 job commitment to the Indiana Economic Development Corporation (IEDC). The company plans to add another 20 associates this year and is currently hiring welders, blasters and painters. New positions are expected to offer average salaries above the county average wage. Interested applicants may apply online.
Eagle Railcar Services, which has more than 650 associates across the country, has five full-service repair and maintenance facilities in Indiana, Ohio and Texas and also offers mobile repair services. The company’s direct Class 1 railroad service provides a convenient, cost-effective, one-stop network for all of its customers' railcar maintenance needs.
The Indiana Economic Development Corporation (IEDC) offered Eagle Railcar Services up to $600,000 in conditional tax credits and up to $150,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning that until Hoosiers are hired, the company is not eligible to claim incentives. The IEDC also offered up to $2.95 million in conditional tax credits from the Industrial Recovery Tax Credit (DINO) program, which provides an incentive to invest in former industrial sites and improve quality of place in Indiana communities. The city of Washington approved additional incentives at the request of the Daviess County Economic Development Corporation (DCEDC).