Investment in factory expansion increases production and revenue potential
In 2021, CHI Overhead Doors expanded manufacturing into Terre Huate City, Indiana. The project created an estimated 130 jobs with an average salary of $43,680. The company lobbied for a 10-year tax abatement from city council. The council approved the abatement in an October budget meeting. This demonstrates the importance of lobbying efforts while persuading governments about economic benefits. For their efforts, CHI Overhead Doors can increase production and revenue into 2022.
Competition|New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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