FORT WAYNE, Ind. (Indiana's NewsCenter) - Fort Wayne lost a name brand when Seyfert's closed its facility on Lima Road.
Now a new potato chip company is setting up shop in the Summit City.
Canadian-based Saratoga Potato Chips will create its United States headquarters in an existing facility on Lincoln Parkway.
The company will invest $4.9 million, and could start production by the end of the year.
Saratoga makes store brand potato chips, kettle chips and popcorn for grocery stores like Kroger's, Scott's and Meijer's.
The move to Fort Wayne is expected to create up to 175 jobs in the next three years.
To lure Saratoga here, the state economic development corporation offered the company up to one million dollars in tax credits, based on performance.
"They're for one going to be filling a building that has been sitting vacant, so that's great. It increases the tax base for Allen County. 175 is rather significant, especially when you have an unemployment rate that is over 10 percent. Those are 175 new jobs for local residents," said Fort Wayne-Allen County Economic Development Alliance Senior Development Officer Ashley Steenman.
Saratoga's President Peter Margie admits the regional location, cost of living, operating costs, and tax incentives were the driving force behind the move to Fort Wayne.
County leaders like Commissioner Nelson Peters said reeling in Saratoga Potato Chips shows Allen County is a great place to grow and conduct business.
Meanwhile, Governor Mitch Daniels said international companies like Saratoga are noticing the inviting and enticing business climate that is being created across Indiana.
Saratoga will start outfitting their factory on Lincoln Parkway with equipment in August.
The company hopes to start bagging chips by October or November 2010.
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