Governor Mike Pence joined officials from Franklin Well Services in announcing that the company plans to relocate its headquarters from Lawrenceville, Illinois to Vincennes.
Pence commented that Indiana’s reputation continues to draw businesses across state lines.
Don Jones, Chairman of Franklin Well Services says the company will add 92 new high paying jobs. That’s in addition to the 50 new jobs promised by its sister company Pioneer Oil..Both companies will share offices in the newly renovated Pioneer Oil Building on Main Street in Vincennes
The Indiana Economic Development Corporation offered Franklin Well Services up to 3-point-8 million dollars in conditional tax credits based on the company’s job creation plans. The tax credits are performance based on the company’s job creation plans.
Franklin Well Services has been in business for 30 years and is currently the largest provider for well stimulation, cementing and drilling fluids services throughout Indiana, Illinois and Western Kentucky.