Tuesday, April 17, 2012

Med-Mizer Seeks Tax Abatement in Batesville for Expansion

From the Batesville Herald-Tribune:

Batesville Commerce Center business[] will expand soon, leaders told Batesville Industrial Park Commission and Batesville Economic Development Commission members April 12.

At Med-Mizer, which produces health care beds, mattresses and furniture, “in the last few years we’ve had a few new products take off, which has led to this expansion,” reported chief financial officer Dusty Tekulve.

“We’ve been basically growing in the last four years at 10 percent per year. In the last two years, we’ve landed some corporate contracts with larger customers. We can’t wait any longer to expand.”
Now there’s not enough space to store beds before they are shipped. “It’s a good problem to have,” the officer said.

Twenty-three work in its factory now. After a 7,500-square-foot addition is constructed on the back of the building, the company will have a projected 40 employees, including 30 in the factory.

Mayor Rick Fledderman said company leaders will invest $400,000 in the project, $300,000 for the structure and $100,000 for machinery and equipment. Tekulve requested 10-year real property and five-year personal property tax abatements.
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http://batesvilleheraldtribune.com/business/x611956207/Commerce-center-firms-growing