Indiana has named a Windfall manufacturer on the annual list of “Companies to Watch.”
High Performance Alloys was among 43 businesses statewide to receive the recognition, the Indiana Economic Development Corp. announced Monday. The honor recognizes private businesses that have six to 150 full-time employees and annual revenues or capital between $750,000 and $100 million.
The IEDC, the Small Business Development Center, Purdue University and the Edward Lowe Foundation compile the list every year.
A list of 300 nominations funneled to 43 that a selection committee decided foster economic growth, the IEDC says.
The companies collectively have revenues of more than $600 million and created 550 jobs this year.
High Performance Alloys began in 1984, and new owners bought the business in 2010. The company produces high-strength alloys that NASA has used in its Mars rover, the Freedom Space Station and the space shuttle.
For more of this story, read Tuesday’s issue of the Kokomo Tribune.