Thursday, March 28, 2024

Obama visits Hoosier State, talks economy

President Barack Obama’s recent visit to southwestern Indiana included a stop at a minority-owned steel processing company to discuss steps his administration has taken to help restore the economy.

Obama visited Millennium Steel Service LLC near Princeton to mark Manufacturing Day. Millennium’s steel is used in the fabrication of various vehicles, including those produced at the nearby Toyota plant.

Millennium Steel was founded in 2001 as a joint venture between Henry Jackson and Toyota to supply processed steel for Toyota Motor Manufacturing. The company’s website says revenue grew from $37 million in 2001 to $250 million in 2011. Black Enterprise Magazine rates the company one of the 100 Top Black-owned Businesses.

The company began with 10 employees, and according to Gibson County officials, has grown significantly and currently consists of 58 employees.

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