Element 13, LLC has selected Richmond in Wayne County, Indiana, for the location of its new $15.8 million aluminum billet production facility. The 60,000 sq ft facility will be constructed on 15 and a half acres in Richmond’s Midwest Industrial Park.
“We’ve been working with Element 13, otherwise known as Project Thankful, since early fall,” said Valerie Shaffer, president of the Economic Development Corporation (EDC) of Wayne County. “It’s exciting to be able to announce their decision to locate in Wayne County, especially in light of challenges caused by the COVID-19 pandemic.”
Element 13 is a new business start-up that manufactures aluminum billets used in construction, aerospace, recreation, and automotive industries — among others. The company sources aluminum from recycling centers, reducing the waste stream and bringing post-consumer scrap back into use.
The company will receive a total of $146,000 in an Economic Development Income Tax (EDIT) Grant from the Wayne County EDC, which will have to go before the Wayne County commissioners for their consideration. The EDIT funds will be used to help offset the cost of construction, purchase of equipment, and training of employees.
“Element 13 is very excited and looking forward to becoming a part of the Richmond community,” said Chris Rasmussen, president and CEO of Element 13. “Valerie and everyone involved in making this happen have been nothing short of accommodating and a real easy decision for us to build our future in Richmond.”
Once it begins operations, the aluminum billet facility is projected to create 30 new full-time jobs by 2022