- June 22, 2020
- BY Jeff Quyle
Artisan Electronics Receives Award from Radius Indiana’s Regional Impact Fund, Continues Growth at WestGate@Crane Technology Park
Artisan Electronics Inc. is a defense contractor based at WestGate@Crane Technology Park in Odon, Indiana. The small business specializes in engineering, technical, cybersecurity and IT services for the Department of Defense and the Naval Surface Warfare Center Crane Division.
“Artisan is attracting new talent to the region as they tackle some provocative technology issues for their clients,” said Jeff Quyle, president and CEO of Radius Indiana. “I’m glad to see a locally owned company like this growing and showing leadership in workforce and technology circles.”
Artisan Electronics, which was awarded second place by Best Places to Work in Indiana in 2019, plans to use part of the funding toward training programs which will result in adding 20 full-time employees to its current staff of 50 employees by 2023.
“We are excited to offer more opportunities for exceptional people to build a rewarding career here in southern Indiana. The support of Radius, Daviess County Economic Development Foundation, and the IEDC has been phenomenal and we are looking forward to continuing to grow and add value to our DoD clients with their help,” said Greg Sapp, Vice President of Artisan Electronics.
Daviess County Economic Development Foundation will provide an additional $1,000 in matching funds to supplement the Regional Impact Fund grant.
“Artisan Electronics has established company culture and a brand that is recognized in the region, the state of Indiana and beyond,” said Bryant Niehoff, executive director of Daviess County Economic Development Corporation. “We are thrilled to be a part of Artisan’s continued growth in WestGate and proud that they call Daviess County home.”
The Indiana Economic Development Corporation has also offered Artisan Electronics $325,000 in Economic Development for a Growing Economy Tax Credits to promote the company’s expansion.
Including Artisan Electronics, there are currently five projects underway at the WestGate@Crane Technology Park. Two larger national firms and three locally-owned firms are looking at sites in the tech park in all three of the WestGate counties (Daviess, Martin, and Greene). The projects would involve increased employment within the tech park, and some include the construction of new buildings as well as the installation of new equipment. The Regional Impact Fund is involved in two of the projects and may assist others if needed to help finalize the projects.
“It is very encouraging to see all of the positive activity taking place at WestGate,” said Niehoff. “As NSWC Crane continues to demonstrate leadership at the national level, the Tech Park is becoming more and more of a destination for those innovative companies such as Artisan that support Crane’s mission. The level of interest and ongoing projects that we continue to remain engaged in are validation of WestGate’s growth potential.”
About Radius Indiana: Radius Indiana is a regional economic development partnership representing eight counties in Southern Indiana: Crawford, Daviess, Dubois, Greene, Lawrence, Martin, Orange and Washington. Formed in 2009, Radius Indiana also serves as a point of contact in Indiana for Naval Support Activity Crane and leads regional collaboration by leveraging the diverse assets of Southwest Central Indiana to drive attraction, retention and expansion of business, thereby increasing employment and investment opportunities and quality of life within the region.
About the Regional Impact Fund: The Regional Impact Fund is a sub-organization of Radius Indiana with the purpose of making investments in public and private organizations that advance regional economic development strategies. The Regional Impact Fund is a deal-closing fund that makes such investments in the form of grants, loans, equity investments, or other such vehicles deemed to be in the best interests of Southern Indiana. The Regional Impact Fund gives high priority to projects that include job creation, site development and expansion.
About Artisan Electronics: Artisan Electronics is a small business headquartered within the Westgate@Crane Technology Park. Since 1996, Artisan has been working with the Department of Defense and commercial clients to engineer results for complex issues. Its team translates client needs into comprehensive technical projects by bringing technical ability, dependability and applied creativity to engineering, information technology and electronics support projects.