Riverside Travel Trailer Announces Expansion
Riverside Travel Trailer Inc., a manufacturer of towable recreational vehicles, announced today (Dec. 2) that it will expand its operations in Peru, Ind., creating 100 new jobs by 2011.
The company, which established its operations in June, will invest more than $1.1 million to purchase new equipment and make upgrades to its 130,000-square-foot facility, which formerly housed Adventure Manufacturing Inc.’s recreational vehicle manufacturing operations, according to a news release.
“We appreciate the commitment that the leaders of Riverside have shown to the Peru community,” said Gov. Mitch Daniels. “We look forward to working with them as they create jobs and contribute to Indiana’s economy.”
Riverside Travel Trailer, which currently employs more than 30 former Adventure Manufacturing associates, plans to continue hiring manufacturing and assembly workers as market conditions allow. The company anticipates doubling its current employment by the second quarter of 2010.
“The RV business is entering into a recovery phase, and it is here to stay. Indiana is the heart of the RV industry and as such it is the place to be,” said Mark Gerber, vice president of sales and finance at Riverside Travel Trailer.
The company, which is currently working to establish a dealer network, shipped its first product in July. At full capacity, Riverside Travel Trailer will be able to manufacture up to 6,000 units annually.
The Indiana Economic Development Corp. offered Riverside Travel Trailer Inc. up to $265,000 in performance based tax credits and $45,000 in training grants based on the company’s job creation plans. Miami County will provide additional property tax abatement at the request of the Miami County Economic Development Authority.
“Riverside Travel Trailer will provide Miami County much needed jobs. We appreciate the investment of the local owners and their understanding of our commitment to provide them with a quality workforce,” said Greg Deeds, Miami County Commissioner.
Riverside Travel Trailer Inc. manufactures a variety of towable campers and trailers to dealers throughout the United States and Canada. For more information visit www.riversidetrailer.com.
Created by Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corp. is governed by a 12-member board chaired by the governor. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.