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January 30, 2014

242 new jobs: CLEDO recaps 2013 investments

CLEDO highlights 2013 investments

Between big manufacturers and small-time service businesses, Logansport and Cass County business owners added a total of 242 jobs and invested more than $25 million in 2013.

Leaders of the City of Logansport Economic Development organization on Tuesday announced those totals at the organization’s annual dinner. They emphasized the organization wasn’t taking credit for all the new jobs or investment, but recognized area businesses for it.

“No one group, no one person should try to take credit for the successes of many,” said outgoing CLEDO board chairman Jim Hayden.

New businesses announced and existing businesses undergoing expansion committed to investing $25,137,500 and establishing the equivalent of 242 full-time positions, counting jobs that have been announced but not filled yet. Retained jobs, however, were not counted.

Helping make up the total were 25 new jobs at Carter Fuel Systems, 30 new jobs at a business going into the former Modine manufacturing facility, 48 new jobs announced for Scott’s Square truck stop in Clymers and 25 new jobs at an undisclosed establishment moving in at Cass City Center.

A few other jobs included in the total are actually multiple part-time positions because of the way new small businesses report positions to the Logansport-Cass County Chamber of Commerce, according to chamber administrative assistant Teresa Zimmerman.

The announcement came as some were anticipating an answer to whether CLEDO had met its goal announced earlier this year: 50 new jobs and $250,000 in new tax revenue in 2013.

That goal, issued by then-director Connie Neininger a year ago this month, was followed by Neininger’s resignation to take a state position in May and several months of interim leadership under current director John Hipskind. Hipskind’s position was made permanent in November at the same time Cass County ended its membership in CLEDO.

Altogether, the expansions and new businesses recognized for 2013 are expected to net more than $700,000 in annual tax revenue for the city and county, Hayden said.

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