A Bloomington company that makes and installs ventilation systems is slated to move into a new building in Greenwood, bringing new jobs and salaries that are higher than the county average.
Union employees at Poynter Sheet Metal earn $21 to $31 per hour and get health insurance, pension and other benefits valued at about $18 per hour, company president Joseph Lansdell said. About 95 percent of the company’s workers are union employees, he said.
The county average wage is about $19 per hour.
The Greenwood Redevelopment Commission approved tax breaks totaling a savings of $838,000 over 10 years on equipment and the property. The equipment abatement of $80,757 is for about $2 million in equipment, such as cranes, welders and a fiber-optic laser. The city council must approve the abatement twice for Poynter to get it.
Poynter Sheet Metal will hire an additional 25 people to work at the new 110,000-square-foot manufacturing building, which will have mostly industrial space with some offices, Lansdell said. The company plans to move into the building by the end of the year and invest about $7.4 million in the building and equipment.
Poynter Sheet Metal has outgrown its Bloomington plant and expects to move 70 of its employees to a new building. The location in Greenwood was appealing because of its access to Interstate 65 and Interstate 74, Lansdell said. The company was out of space, and Bloomington didn’t have much flat land for expanding, he said.
The company has about 225 employees, most of whom don’t work in a Poynter facility but work installing duct work in buildings in several states.
Locally, the company has served as ventilation contractor for projects at Franklin and Center Grove schools, Central Nine Career Center and Franciscan St. Francis Health. The company also makes signs, handrails and tanks for beverages and is continuing to expand the number of products it offers.
The Peterson Co. is building the Poynter facility in Precedent South business park. The Peterson Co. developed Precedent South.
Construction of the building can start in mid-July, as long as the city board of works approves bonds that guarantee infrastructure improvements, city planning director Bill Peeples said.
The company still needs to apply for its land alteration and building permits, but the city should be able to issue them together because roads and fire hydrants are already in place, he said.