From the Indianapolis Business Journal:
Indianapolis-based Mansfield-King LLC, a manufacturer and distributor of personal care products, will receive state incentives as part of an expansion plan that could create as many as 144 jobs by 2016, the Indiana Economic Development Corp. announced Friday morning.
IBJ reported March 17 that Mansfield-King was set to receive property-tax breaks from the city of Indianapolis for the $3.4 million expansion.
The company, located at 6501 Julian Ave. on the city’s east side, said the investment will go toward purchasing additional equipment and making building renovations.
Mansfield-King, which has 46 full-time employees, plans to begin hiring for manufacturing, production, logistics, quality control and customer service positions later this year. The new jobs will pay an average of $22 an hour, the company said.
The IEDC said it will provide up to $1.25 million in performance-based tax credits and up to $55,000 in training grants based on the company’s job-creation plans.
The city of Indianapolis approved a 10-year tax abatement that should save the company $202,263. It is expected to pay $153,000 in property taxes over that period.
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http://www.ibj.com/mansfield-king-lands-state-incentives-for-expansion-plan/PARAMS/article/33832
