Terry Murphy

May 30, 2014 |
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A $15.5 million investment will create 50 jobs By Rick Yencer MUNCIE, INDIANA - Magna International continues to grow in stock value on the Toronto Stock Exchange and just reached it one million vehicle production mark for German Premium OEM. Locally, Magna Powertrain is making a $15.5 million investment in its local plants and adding 50 more jobs to its 400 employee workforce.
Feb 17, 2014 |
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South Muncie target for latest industrial growth By Rick Yencer MUNCIE, INDIANA (NEWS) - An $8 million investment in a building  to create more jobs in south Muncie is the latest venture by the Delaware County Economic Development Alliance.  And that if you build it, they will come approach has already filled six buildings during the last 20 years and has two more in Muncie and Daleville waiting...
Nov 17, 2013 |
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By Rick Yencer MUNCIE, INDIANA (NEWS)  - Sallie Mae continues to invest in Muncie, opening its doors to the public this week to show a $5 million expansion and look for new workers. The nation's top financial services company specializing in student loans came to the community five years and just recently expanded its operations to service and collect literally millions in student loans...
Mar 26, 2013 |
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General Motors parts supplier making multi-million dollar investment and adding 75 local jobs By Rick Yencer MUNCIE. IN - A growing General Motors parts manufacturer is making a new $11.5 million investment and adding 75 jobs to the local economy in 2013.  For about $500,000 in property tax abatement, Magna Powertrain of America is add millions in new equipment to make transmission parts...
Mar 07, 2013 |
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Free Press Report MUNCIE, IN -  A local foundry that makes prototype castings for automotive transmission makers got tax breaks this week for a $300,000 expansion.  Muncie City Council granted property tax abatement to Muncie Casting Corp. on a plant expansion and equipment to build castings used for automobile transmissions.  Bob Buchert, company owner, said much of their work goes to...
Feb 05, 2013 |
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By Rick Yencer MUNCIE, IN  - The Townsend Corp. that provides storm relief, utility line construction and vegetation management is moving its headquarters to the Ontario Systems campus this spring.  And the company with $120 million in yearly revenue and nearly 2,000 employees will bring its front office and administration with 35 people and $2.9 million.  The deal includes about $150,000...
Jul 24, 2012 |
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By Rick Yencer  MUNCIE, IN - Magna Powertrain that does business with General Motors, Chrysler and Allison is expanding and creating 21 new jobs.  And Delaware County Council offered its support to the $10 million project by granting property tax abatement on a 50,000 square foot expansion and $8.9 million in new forging equipment and laser welders. The company came to Muncie in 2004 and...
Jun 19, 2012 |
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By Rick Yencer MUNCIE, IN - Brad Bookout found some trade and commerce in China that could benefit Muncie during a recent trip there with fellow economic development officials.  And the Yorktown man who wants to be the next Democratic congressman in eastern Indiana also learned that the People's Republic could use a better distribution system for its goods along with quality food processing...
Jun 05, 2012 |
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By Rick Yencer MUNCIE, IN - The hallowed ground of the Ball Brothers glass factory has evolved into one of the best plastic packaging makers in the United States. Spartech Packaging Technologies is building a $19 million expansion and adding 32 local jobs at the site. The company showed off its new expansion  Tuesday on the grounds where the first Ball glass jars were made more than a...
May 31, 2012 |
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By Rick Yencer  MUNCIE, IN - Plenty of Delaware County manufacturers could benefit from a trade mission by Muncie and Indiana to the Far East next week.  China is a the destination of Terry Murphy, vice president of economic development for the Muncie-Delaware County Chamber of Commerce, and Brad Bookout, county redevelopment director, when they travel to Muncie's sister city of Zhuji City...
May 30, 2012 |
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By Rick Yencer YORKTOWN, IN - Park One, an interstate commerce site,  got a much needed boost Wednesday that will help ensure sanitary sewers. Additionally, a rail connection will help make it viable for business. Delaware County Council stepped up to the plate and adopted a $3.2 million bond to fund the utility and transportation work with federal development funds and local economic...

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