JEFFERSONVILLE, IN -- One Southern Indiana is pleased to announce the expansion of Olon Industries, Inc.'s Jeffersonville location to a 100,000 sq. ft. facility at River Ridge Commerce Center. Based in Georgetown, Onatario, Olon Industries manufactures quality, custom-designed, wrapped profiles and components for the cabinet, office furniture, kitchen and bath, store fixture, and architectural/hospitality industries. The company's Jeffersonville location is a custom and profile moulding manufacturing facility.
In December 2008, Olon Industries acquired Creative Products, Inc. located at 3101 Hamburg Pike in Jeffersonville. Continuation of the company's current lease at that location was not a suitable option. Olon Industries considered relocation and expansion throughout North America. Officials with One Southern Indiana, the State of Indiana, and the City of Jeffersonville worked closely with company representatives to find an appropriate location in Jeffersonville, which would allow all current employees to preserve their jobs with the company.
This retention and expansion project will maintain 30 Southern Indiana jobs and includes the creation of 11 new jobs by 2014. The project brings major investment in additional payroll, real estate improvements and new plant equipment.
"Olon Industries' decision to remain and grow in Southern Indiana is fantastic news," said Vaughan Scott, chairman of One Southern Indiana. "At a time when businesses, especially those with international ties, are exceptionally portable, it is always exciting when we are able to retain and grow commerce here at home."
"Olon Industries is proud to be a part of the Jeffersonville community and to have benefited from the high quality workforce and excellent logistics available in this area. We are excited about expanding our custom wrapped moulding facility and adding to our associate base in order to meet our growing business needs," said Don Hambly, president and CEO of Olon Industries. "The support of the City of Jeffersonville, Indiana Economic Development Corp. and One Southern Indiana has been invaluable. Their assistance in obtaining tax abatements and incentives for these projects have helped Olon Industries to make our expansion plans a reality."
Through the coordination of One Southern Indiana, the City of Jeffersonville has offered Olon Industries an opportunity to apply for property tax abatement through the Urban Enterprise Zone. This allows Olon Industries to phase-in its property taxes over time while simultaneously increasing the tax base. Additionally, the Indiana Economic Development Corp. has offered the company an amount equal to the lesser of nine percent of the company's qualified investment made on or before December 31, 2013, or $35,000 under the state's Hoosier Business Investment Tax Credit program.
"This is a true victory in retention," said Jeffersonville Mayor Tom Galligan. "International companies have the opportunity to locate anywhere, and the City of Jeffersonville thanks Olon for keeping their operations here. The expansion and subsequent move to River Ridge further emphasizes what a tremendous asset the commerce center is to our city."
"We are very excited to welcome Olon Industries to River Ridge Commerce Center," said Jerry Acy, executive director of River Ridge Commerce Center. "The company's location decision is further testament to the low cost of operating in Indiana and the logistical advantages River Ridge provides."
Source: One Southern Indiana
Have something to say? Share your thoughts with us in the comments below.