$1.1M expansion to create up to 17 jobs at Franke Plating Works
Franke Plating Works of Fort Wayne, which bills itself as America’s oldest family-owned plating company, plans to create up to 17 jobs and invest more than $1.1 million to upgrade its production facilities just east of downtown Fort Wayne.
Established in 1930, Franke Plating Works is in its third generation of family ownership and will soon transition to the family’s fourth generation. The company has grown to serve a worldwide client base in industries including automotive, aerospace, agriculture, defense, and medical. To accommodate the growth, the company will add new equipment and make improvements to its facilities at 2109 E. Washington Blvd. and 1918 E. Wayne St. The improvements allow for additional flexibility and the ability to plate a more diverse set of parts. This expansion will also more than double the company’s current production capability.
Plating is the process of applying a metal coating or other treatment to the surface of a metal part or component. This is typically done to make components stronger, extra durable, more adhesive, or thicker. For example, Franke Plating Works has plated parts to handle the rigors of flight aboard NASA spacecraft.
“We’re proud of the company we’ve built here in Fort Wayne,” Warren Franke, owner of Franke Plating Works, said in a statement. “We’ve been in business for almost 90 years, and we’re still going strong. As we grow, we remain committed to our longstanding principles: competitive pricing, quick turnaround time, and constant client communication from our dependable staff.”
The company plans to hire for positions including production operators, fork truck operators, quality specialists, and safety/maintenance specialists. Interested applicants can email email@example.com. Veterans account for about 10 percent of the company’s current workforce.
The Indiana Economic Development Corp. offered Franke Plating Works up to $165,000 in conditional tax credits 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. Northeast Indiana Works will provide additional hiring and training assistance.
Franke Plating Works is located within the Summit City Entrepreneur and Enterprise District (SEED) and therefore also qualifies for investment-based tax savings. Formerly the Urban Enterprise Zone, the SEED offers real estate and personal property tax benefits for commercial investments to enhance manufacturing, innovation, technology, and logistics. In 2018, the City of Fort Wayne expanded SEED beyond its original urban core to include major commercial corridors emanating out of downtown. The district expansion doubled the number of businesses that qualify for the incentives. To learn more about SEED, visit SEEDFW.org.