A Kewanna-based business is poised to expand operations into Winamac, according to information shared with the Pulaski County Economic Development Board of Directors. Winamac Coil Spring is in the process of purchasing the former Chesapeake Recycling property south of Winamac on U.S. 35 and plans to move a production line from Fulton to Pulaski County. The move will initially create between nine and 12 jobs with the potential for significant sales and employment growth over the next decade. Winamac Coil Spring officials recently approached Pulaski County Economic Development Director Nathan P. Origer to ask about an upfront cash incentive from the county to offset some of the hefty front-end costs involved in the project. Origer’s board discussed the matter and agreed to recommend a forgivable loan of up to $150,000 guaranteed by a contract.
WCS is a leading manufacturer of compression, extension and torsion springs for a variety of customers and also offers wireforms. The company was founded in 1948 by Walter Pesaresi and is now run by second and third generation descendants.