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East-side contract manufacturer plans to add 144 jobs

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A fast-growing contract manufacturer that makes and packages shampoos, conditioners and hair spray for brand-name companies plans to quadruple its number of employees within the next four years.

Mansfield-King LLC on Indianapolis’ east side is asking the city for property-tax abatements as part of its effort to create 144 jobs by 2016 through a $3 million expansion. The company currently has 45 employees.

Mansfield-King plans to spend $2.5 million on new manufacturing equipment, including mixing, filling and packaging machines, according to city documents.

In addition, the company plans to spend $490,000 to upgrade its 180,000-square-foot plant near East Washington Street and South Kitley Avenue.

The city’s Metropolitan Development Commission is scheduled to hear the company’s request for abatements at its Wednesday meeting. The MDC staff recommends 10-year abatements for both investments.

The company is expected to pay about $153,000 in property taxes during the 10-year period and save $202,263.

Mansfield-King said the 144 jobs it plans to create will pay an average wage of $22 an hour.

The company has been on a tear since its founding in 2005. Revenue grew 136 percent, from $2.9 million in 2008 to $6.8 million in 2010, placing it 11th in IBJ’s latest ranking of the Indianapolis area’s fastest-growing companies.

Mansfield-King was founded by John Cleary and Charles Haywood. The two graduated from Indiana University in 1990 and met while working for a Chicago law firm.

They moved from mergers and acquisitions there to management jobs with Indianapolis companies to acquiring the assets of Signature Brands Group, a local personal-care manufacturer, in 2005.

They christened their new company Mansfield-King, using names from their maternal grandparents. Cleary is no longer involved in the company.
 

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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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