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Frozen-food firm plans to add 350 jobs at New Albany plant

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New Albany-based Kemper Foods International LLC announced Tuesday morning that it will expand its food-production center in southeast Indiana, creating more than 350 new jobs by 2012.

Kemper, which makes frozen foods for restaurants and retailers, said it will invest more than $6.8 million in equipment and building improvements, more than doubling the size of the company's 24,000-square-foot food-production facility in New Albany's Park East Industrial Park.

New hires will include production associates, supervisors and clerical staff.

The Indiana Economic Development Corp. offered Kemper Foods up to $1.1 million in performance-based tax credits and up to $145,000 in training grants based on the company's job-creation plans.  New Albany will consider property-tax abatement and incentives at the request of One Southern Indiana, the regional economic development group for Clark and Floyd counties.

Kemper Foods was founded in 2008 New Albany entrepreneur Michael V. Kemper, who partnered with food-production tycoon Jeno F. Paulucci, the brains behind famous frozen food brands Michelina's, Jeno's Pizza Rolls and Chun King.

The company joins a growing list of food and beverage production businesses with facilities in Indiana, including Edy's Ice Cream, Clabber Girl and Really Cool Foods, The IEDC said it has worked with more than 30 food-production businesses over the past four years to bring more than 3,200 jobs to the state.

 

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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