IBJNews

Casket maker plans $16.5M investment, 300 jobs

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based Genesis Casket Co. plans to invest $16.5 million to open a manufacturing and distribution operation on the city’s far-east side, creating 300 jobs over the next three years.

Mayor Greg Ballard joined company officials to announce the plans Wednesday morning.

Founded just last year, Genesis Casket expects to hire the first 150 employees at an average wage of $26 per hour by the time the facility opens in the summer. Management, sales and marketing, engineering, and production and distribution positions will be among those filled.

The Indiana Economic Development Corp. has offered the company up to $4.5 million in performance-based tax credits. In addition, Develop Indy will support the company’s request for a personal property-tax abatement before the Metropolitan Development Commission based on job-creation and capital-investment plans.

EmployIndy, formerly the Indianapolis Private Industry Council, has offered recruiting assistance and a $300,000 job-training grant.

Genesis Casket, which expects to produce 30,000 metal caskets in its first full year of production, is partnering with Troy, Mich.-based Gestamp North America Inc. to open the facility.

William Anthony Colson has been named CEO of Genesis Casket and will relocate to Indianapolis. He most recently served as president and CEO of Wilbert Funeral Services in Chicago, a manufacturer and distributor of burial vaults and cremation products.

“Indianapolis is central in proximity to many major markets, which makes it a preferred location from an operations and logistics perspective,” Colson said. “My team and I considered several possibilities.”

Genesis Casket will occupy the 241,000-square-foot building at 3011 N. Franklin Road sold recently by SMC Corp. and listed for $3.9 million. The sale price wasn’t disclosed.

SMC Corp. is a Japanese manufacturer of pneumatic valves and actuators whose U.S. headquarters are now in Noblesville.

In 2008, the state gave SMC $4 million in tax credits plus $387,000 in training grants to move 500 jobs to the Hamilton County city. The company expected to create another 250 jobs by moving to Noblesville.

In addition to the state incentives, SMC received $14.6 million in incentives and infrastructure improvements, such as road widening, from the city of Noblesville.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Those of you yelling to deport them all should at least understand that the law allows minors (if not from a bordering country) to argue for asylum. If you don't like the law, you can petition Congress to change it. But you can't blindly scream that they all need to be deported now, unless you want your government to just decide which laws to follow and which to ignore.

  2. 52,000 children in a country with a population of nearly 300 million is decimal dust or a nano-amount of people that can be easily absorbed. In addition, the flow of children from central American countries is decreasing. BL - the country can easily absorb these children while at the same time trying to discourage more children from coming. There is tension between economic concerns and the values of Judeo-Christian believers. But, I cannot see how the economic argument can stand up against the values of the believers, which most people in this country espouse (but perhaps don't practice). The Governor, who is an alleged religious man and a family man, seems to favor the economic argument; I do not see how his position is tenable under the circumstances. Yes, this is a complicated situation made worse by politics but....these are helpless children without parents and many want to simply "ship" them back to who knows where. Where are our Hoosier hearts? I thought the term Hoosier was synonymous with hospitable.

  3. Illegal aliens. Not undocumented workers (too young anyway). I note that this article never uses the word illegal and calls them immigrants. Being married to a naturalized citizen, these people are criminals and need to be deported as soon as humanly possible. The border needs to be closed NOW.

  4. Send them back NOW.

  5. deport now

ADVERTISEMENT