Jasper, IN -- Indiana Furniture Industries, Inc., a manufacturer and distributor of office furniture, announced plans today to expand its operations here, creating up to 10 new high-wage jobs by 2015. The company will add a 30,000 square-foot addition to one of its existing manufacturing facilities as part of the project. The new addition is slated to be operational by the end of 2012.
"With more than a hundred years of experience in the Hoosier State, Indiana Furniture is continually setting the standard for sustained growth in an ever-changing market," said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. "Our nationally-ranked business climate and expansive infrastructure are helping local businesses establish a successful foundation to bring more jobs to Indiana."
Indiana Furniture, which currently has 287 full-time employees in Indiana, plans to begin hiring additional technical machine operators and engineers to coincide with facility construction. Interested candidates should apply at www.indianafurniture.com.
"With our long heritage in the Jasper community, coupled with our Midwest values, it's easy to call Dubois County our home," said Bret Ackerman, president and chief executive officer of Indiana Furniture. "To gain a competitive advantage in this industry, we've recognized that we need to embrace innovation in technology and processes. Therefore we plan on considerable capital expenditures over the next several years."
Founded in 1905, the company was established as Jasper Novelty Works in part as a response to the efforts of the Jasper Business Men's Association's initiative to provide local employment opportunities. Indiana Furniture's ultraviolet finishing technology was awarded the GREENGUARD certification for indoor air quality in 2008 by the Greenguard Environmental Institute for the company's non-toxic curing process.
The Indiana Economic Development Corporation offered Indiana Furniture Industries, Inc. up to $100,000 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 city of Jasper approved additional property tax abatement.
"It's particularly gratifying that our new property tax abatement program's first recipient is an existing company," said Jim Dinkle, president of the Dubois County Area Development Corporation. "Indiana Furniture is a century-old company with deep roots in Dubois County."
Indiana Furniture's announcement comes one month after AFCO Racing Products, a manufacturer of parts for the racing industry, announced plans to grow its operations in nearby Warrick County. The company will invest $3.7 million to purchase and equip a new retail facility in Boonville, creating up to 61 new jobs by 2014.
About Indiana Furniture
Indiana Furniture, headquartered in Jasper, Ind. for over a century is committed to providing its customers with office furnishings of the highest standards in quality and craftsmanship. Through advance information systems and state of the art technology we deliver a wide range of environmentally conscious products, styles, and sizes at competitive prices.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Dan Hasler serves as the chief executive officer of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
Source: Indiana Economic Development Corporation
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