Friday, July 11, 2014

IBJ Reports Jarden Home Brands Seeks Abatement for Investment in Fishers

From the Indianapolis Business Journal:

A subsidiary of the consumer products giant behind Ball jars, Yankee Candles, Crock-Pots and Coleman tents plans to invest nearly $22 million on a headquarters and distribution center in Fishers.

Jarden Home Brands, a division of Florida-based Jarden Corp., expects the Fishers facility to have 292 employees earning more than $27 an hour by the end of 2019, according to its request for economic development incentives.

Many of the jobs will move from Daleville, where the Fortune 500 company now is based. A Muncie manufacturing facility will not be affected, but Jarden also plans to add packaging duties now handled by outide contractors.

The company is acquiring a 637,000-square-foot building at 9999 E. 121st St., which has been vacant since Sony DADC Americas moved out in 2012.

Jarden plans to spend about $9.5 million to acquire the building, $6.5 million on building improvements and another $5.5 million to equip the facility.

As IBJ reported this week, the Fishers Town Council on Monday started the process of making the property eligible for a two-year vacant building tax abatement—without naming any names.

Fishers officials said the total incentive package was worth an estimated $1.1 million

Nothing will be official until after a public hearing and another vote. The council also will be asked to support a 10-year tax break on equipment and other personal property, said Tom Dickey, the town’s director of community and economic development.