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Intellectual Technology Inc. Expanding in Fort Wayne

March 4th, 2015

News Coverage:

March 04, 2015 1:03 AM

Making license plates to add jobs

Company invests $1.6 million to expand local operation

Paul Wyche The Journal Gazette

A California company plans to invest more than $1.6 million at its Fort Wayne operation.

Intellectual Technology Inc., 2980 Coliseum Blvd. E., wants to add a 12,000-square-foot building and a 1,200-square-foot research and development center for a license plate making business, according to paperwork filed with the city this week.

The development will result in 10 full- and three part-time positions, averaging $33,538 a year. The company currently employs 67 workers whose pay averages $54,370 annually.

ITI of Carlsbad, California, provides auto registration renewal and license plate software. It describes itself as a provider of turnkey solutions.

The company won a bid with the state in January to produce license plates for Hoosiers. ITI does business with motor vehicle agencies in Indiana and California.

The corporation recorded $16.2 million in annual sales in 2014, a 2.3 percent increase from the previous year.

ITI’s two existing buildings comprise 30,000 square feet. The business is seeking a 10-year abatement that would save it $220,791 during that period. The request will be introduced to City Council on Tuesday.

Officials say they hope to complete the expansion by June.