property at 612 W. 11th St. in Winamac from GalCo, Inc., invest some $300,000 over the next four years, and retain about 65 jobs and add at least 20 new positions as it seeks to expand its product line and share of the waste-equipment market.

Podell has assumed the role of CEO of Wastebuilt.

Given GalFab’s roots in the community and the impressive vision laid out for him by Podell, Origer told the Town Council, offering such incentives was not simply about ensuring retention and expansion in Winamac, but about showing the community’s commitment to a strong, long-lasting relationship with this homegrown company.

In addition to the abatement, the company has received $700,000 in Economic Development for a Growing Economy (EDGE) tax credits from the Indiana Economic Development Corporation (IEDC). A refundable credit against income taxes calculated as a percentage of the expected increased tax withholdings generated from new-job creation, the EDGE incentive may not be offered until a local

commitment has been made.

Founded by the Galbreath family in 1992, GalFab manufactures hoists, hoppers, containers, and other waste-storage and transportation products.

MCM is a single-family investment firm presided over by founder John Dyson, a private-equity and public-service veteran in New York who co-founded and co-owns a winery in the Hudson 

Valley on a former dairy farm near his hometown, Millbrook.

Established in 2005, IEDC is charged with overseeing tax credits, workforce-training grants, public-infrastructure assistance, and other economic-development programs. Responsible for supporting and guiding efforts to improve Indiana’s economy, IEDC is governed by a 12-member board chaired by the governor. Pulaski County is served by IEDC’s Northwest Region, based in Crown Point.

Article provided by the Pulaski County Economic Development Commission