Muncie, Ind.-based Magna-Tech Manufacturing will lease a building in the Lincoln County Industrial Park to create a new production facility for automotive castings.
The initial capital investment of $2.5 million will bring in 20 to 25 new jobs.
The 38,500-square-foot shell building in the industrial park is next to VT LeeBoy.
The Lincoln County Board of Commissioners voted to grant Magna-Tech incentives of $8,178 per year for five years.
Established in 1987, Magna Tech is a provider of vacuum impregnation of castings. The new facility in Lincoln County will heat, treat and seal automotive castings.