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Rea Magnet Wire Honored for Milestone

INDIANAPOLIS (March 27, 2017) – Today, Governor Eric J. Holcomb will honor 34 Indiana companies with the Governor’s Century or Half Century Business Award, recognizing each company for its longevity and service to its employees, community and the state.

“Today, we honor Indiana businesses that have withstood the test of time, helping to drive Indiana’s economy forward,” Governor Eric J. Holcomb said. “I am thrilled to celebrate this year’s honorees and their integral role in building one of the nation’s best business climates. Together, I’m confident we will continue to take Indiana to the next level, ensuring Indiana is the best place to start a business, grow a business and get a job.”

The Governor’s Century and Half Century Business Awards honor Hoosier businesses that have remained in operation for a minimum of 100 or 50 consecutive years and have also demonstrated a commitment to community service. More than 1,400 companies from across the state have been recognized during the 26-year history of the award.

Rea Magnet Wire Company, the largest producer of magnet wire in North America, employs more than 1,200 people across its five plants and four joint ventures in North America and China.

About IEDC
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 12-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov


Media Contacts: 
Abby Gras (IEDC) – 317.232.8845 or agras@iedc.in.gov