Wednesday, April 25, 2012

Selected Furniture Offered Tax Credits for Relocation to Knox

From INside Indiana Business:

Selected Furniture, LLC, a manufacturer of commercial furniture, announced plans today to relocate its operations from Chicago, Ill. to here, creating up to 100 new jobs by 2014.

The company, which supplies customers in the fast food, quick-service and fine dining industries, will invest $1.22 million to purchase and equip a 200,000 square-foot facility located at 1001 W. Culver Ave. Selected Furniture will also relocate its China-based commercial-grade wood furniture manufacturing to this facility, which is slated to be operational in the coming months.
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The Indiana Economic Development Corporation offered Selected Furniture, LLC up to $425,000 in conditional tax credits and up to $87,500 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The Knox City Council approved additional property tax abatement at the request of the Starke County Economic Development Foundation.

http://www.insideindianabusiness.com/newsitem.asp?id=53361