The ongoing expansion of Hanon Systems USA in the Village of Carey is set to bring hundreds of new jobs to the growing community. In early 2018, Hanon Systems executed an Enterprise Zone agreement with the community that was facilitated by the Wyandot County Office of Economic Development.
Due to Hanon Systems’ increasing production demand, the company will occupy a new 130,000 square foot facility currently under construction and slated for completion in early 2019. Hanon Systems will have a combined roughly 230,000 square foot of space in the Village of Carey for its injection molding, assembly, and warehousing operations.
In addition to the tax savings agreement, the Regional Growth Partnership, JobsOhio, and Ohio Means Jobs of Wyandot County added to the competitive project’s assistance package with over $450,000 in talent acquisition and training assistance. Workforce was a key component in the company’s decision to expand in the Village of Carey as it will add an additional 242 new full time jobs and $8 million in new annual payroll as a result of the expansion.
This made the expansion the largest single job creation project that the WCOED successfully assisted. In addition to the new employment opportunities, the project will see over $12 million in new capital investment from Hanon Systems USA, and over $8 million in new facilities investment.
The project leaves a single 10 acre site still available for development in the Arrowhead Commerce Park. Arrowhead is the newest industrial park in the Village of Carey established in 2013, and also home to a distribution center of the Smith Drug Company.