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.
Jarden Home has moved quickly on the project, he told IBJ, choosing Fishers in a competitive process that included out-of-state locations. Commercial real estate firm Cassidy Turley helped with site selection.
The staff will be almost evenly split between production/distribution and administration/management/sales, Dickey said. Employees were told about the plans this week.
Publicly traded Jarden reported sales of $7.5 billion last year. It has more than 30,000 workers worldwide.
Like most other communities in the fast-growing suburbs, Fishers has been working to attract commercial investment to offset a largely residential tax base. Since 2012, officials’ priority has been on redeveloping downtown.
Town Manager (and Mayor-Elect) Scott Fadness said the Jarden deal represents a shift in focus now that several downtown projects are under way.
“This is the first of what we hope will be a few large jobs announcements” this year, he said.