HAMMOND | American Stair Corp., a stair manufacturer currently located in Romeoville, Ill., is relocating its production facility to Hammond this year, the mayor's office announced Tuesday.
American Stair Corp. has purchased a formerly vacant 72,000-square-foot building with over 8 acres of land at 3520 Calumet Ave. and will invest about $3.8 million into what will soon be its new headquarters. Approximately 135 employees will relocate to the new facility, and the company is projecting 45 new jobs over the next three years.
“Without the support of the RDA (Regional Development Authority) and the IEDC (Indiana Economic Development Corp.), this very important economic development opportunity may have never come to fruition," said Hammond Mayor Thomas McDermott Jr. “We want to thank them for their hard work and their support of Hammond.”
The RDA is contributing $1.725 million to the project from its deal closing fund under authority granted by its board last year, said RDA Chief Operating Officer Sherri Ziller. Of that amount, $1.35 million went toward helping American Stair purchase the building on Calumet Avenue. The other $375,000 will go toward needed repairs and upgrades for the building.
Both those contributions are part of the company's overall investment of $3.8 million, Ziller said.
Approximately 30 employees will start working at the new American Stair facility by the end of March.
Indiana and Hammond's economic climate were keys to sealing the deal, according to Hammond Director of Planning and Development Phil Taillon.
“We have been working very hard negotiating with different Illinois companies over the past several years and in the end, American Stair realized the economic outlook in Indiana, and specifically in Hammond, is very bright”, Taillon said.
Taillon promised another Illinois company will soon announce it is moving to Hammond.
Times business editor Keith Benman contributed to this story.