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Casket maker plans $16.5M investment, 300 jobs

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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.

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  1. I had read earlier this spring that Noodles & Co was going to open in the Fishers Marketplace (which is SR 37 and 131st St, not 141st St, just FYI). Any word on that? Also, do you happen to know what is being built in Carmel at Pennsylvania and Old Meridian? May just be an office building but I'm not sure.

  2. I'm sorry, but you are flat out wrong. There are few tracks in the world with the history of IMS and probably NO OTHER as widely known and recognized. I don't care what you think about the stat of Indy Car racing, these are pretty hard things to dispute.

  3. Also wondering if there is an update on the Brockway Pub-Danny Boy restaurant/taproom that was planned for the village as well?

  4. Why does the majority get to trample on the rights of the minority? You do realize that banning gay marriage does not rid the world of gay people, right? They are still going to be around and they are still going to continue to exist. The best way to get it all out of the spotlight? LEGALIZE IT! If gay marriage is legal, they will get to stop trying to push for it and you will get to stop seeing it all over the news. Why do Christians get to decide what is moral?? Why do you get to push your religion on others? How would legalizing gay marriage expose their lifestyle to your children? By the way, their lifestyle is going to continue whether gay marriage is legalized or not. It's been legal in Canada for quite a while now and they seem to be doing just fine. What about actual rules handed down by God? What about not working on Sundays? What about obeying your parents? What about adultery? These are in the 10 Commandments, the most important of God's rules. Yet they are all perfectly legal. What about divorce? Only God is allowed to dissolve a marriage so why don't you work hard to get divorce banned? Why do you get to pick and choose the parts of the Bible you care about?

  5. Look at the bright side. With the new Lowe's call center, that means 1000 jobs at $10 bucks an hour. IMS has to be drooling over all that disposable income. If those employees can save all their extra money after bills, in five years they can go to the race LIVE. Can you say attendance boost?

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