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Chinese furniture maker picks Marion for U.S. headquarters

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Chinese furniture maker Anji Yuankai Furniture Co. Ltd. announced plans Wednesday to establish its U.S. headquarters in Marion, which could result in the creation of 100 jobs within the next four years.

The upholstered-furniture maker, which operates as Y.K. Furniture, plans to invest $24.3 million to establish its first U.S. subsidiary, King's Group U.S.A. LLC in space formerly occupied by a Hobby Lobby store. The facility will house assembly-and-distribution operations.

Gov. Mitch Daniels met with executives of Anji Yuankai during his trip to China last fall and was present at the announcement.

“Just nine months after our initial jobs mission to China, today is more evidence of the results of our overseas efforts,” he said in a prepared statement. “The relationship between the U.S. and China is perhaps the most important bilateral relationship in the world right now and we are gratified that Indiana has an active role in establishing bonds of trust and economic advance for the peoples of both places.”

Established in 1998, Y.K. Furniture operates a manufacturing facility in Zhejiang Province, Indiana's Chinese sister-state.  The company plans to begin hiring employees for the U.S. subsidiary in October.

The Indiana Economic Development Corp. offered King's Group up to $475,000 in performance-based tax credits. In addition, the IEDC will provide the city of Marion $200,000 from the Industrial Development Grant Fund toward road improvements needed at the site.  

The city of Marion negotiated a “favorable” sale price to King's Group for the blighted 12-acre site in return for short-term rehabilitation, new construction and job creation. King’s Group also will attempt to recruit more Chinese manufacturers to the site.
 

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  1. This is a terrible idea. I have an enormous amount of respect and appreciation for all the men and women who wear a uniform and serve the Indy Metro area. They don't get paid enough for all the crap they have to take. Low Pay and Benefits. Every thug and crazy taking pot shots at them. The statistics, demographics, and data that we have accumulated for umpteen years DO NOT LIE. Let's focus on making sure that the politicians that are "mandating" this crap are living where THEY are supposed to be living. Let's make sure that the politicians are not corrupt and wasting resources before we start digging into the folks on the front lines trying to do a difficult job. Since we are "hip" to "great ideas" Let's round up all the thugs in the Indy Metro area who are on parole violation as well as those in Marion County Jail that are never going to be rehabilitated and ship them down to Central America or better yet...China. Let's see how they fare in that part of the world.

  2. Once a Marion Co. commuter tax is established, I'm moving my organization out of Indianapolis. Face it, with the advancement in technology, it's getting more cost effective to have people work out of their homes. The clock is running out on the need for much of the office space in Indianapolis. Establishing a commuter tax will only advance the hands of the clock and the residents of Indianapolis will be left to clean up the mess they created on their own, with much less resources.

  3. The 2013 YE financial indicates the City of Indianapolis has over $2 B in assets and net position of $362.7 M. All of these assets have been created and funded by taxpayers. In 2013 they took in $806 M in revenues. Again, all from tax payers. Think about this, Indianapolis takes in $800 M per year and they do not have enough money? The premise that government needs more money for services is false.

  4. As I understand it, the idea is to offer police to live in high risk areas in exchange for a housing benefit/subsidy of some kind. This fact means there is a choice for the officer(s) to take the offer and receive the benefit. In terms of mandating living in a community, it is entirely reasonable for employers to mandate public safety officials live in their community. Again, the public safety official has a choice, to live in the area or to take another job.

  5. The free market will seek its own level. If Employers cannot hire a retain good employees in Marion Co they will leave and set up shop in adjacent county. Marion Co already suffers from businesses leaving I would think this would encourage more of the same.

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