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Furniture distributor plans Gas City operations

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New Jersey-based Munire Furniture Inc. on Friday announced plans to locate its U.S. manufacturing headquarters in Gas City, adding as many as 100 jobs to the city by the end of the year and as many as 350 by 2013.

Munire, which distributes children’s furniture such as cribs and dressers, also announced the launch of its higher-end Echelon Furniture division, which also will be headquartered in Gas City.    

The company plans to invest $5 million to purchase and equip the 200,000-square-foot former Amcast building for production. Amcast, a General Motors supplier, filed for bankruptcy earlier this year.

The Indiana Economic Development Corp. offered the Echelon Furniture division up to $1.3 million in performance-based tax credits and up to $20,000 in training grants based on job creation. Gas City will provide up to $2.5 million in economic revenue bonds.

“Munire Furniture has determined that there is a tremendous need for better furniture targeted to an existing known untapped market,” Munire Furniture President Munir Hussain said in a prepared statement. “Echelon Furniture in Indiana will begin its full plant operations and production starting in November to fill this void.”

Munire is the second large furniture maker to target Grant County this year. Chinese furniture maker Y.K. Furniture announced in June that it would establish its U.S. headquarters in Marion, with plans to create up to 100 new jobs during the next four years.

Established in 1995, Munire distributes to customers such as Babies R Us and Burlington Coat Factory, as well as specialty stores in the United States, Canada, Mexico and Puerto Rico.

Gas City, about 75 miles north of Indianapolis, has a population of about 5,700.
 

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  1. The east side does have potential...and I have always thought Washington Scare should become an outlet mall. Anyone remember how popular Eastgate was? Well, Indy has no outlet malls, we have to go to Edinburgh for the deep discounts and I don't understand why. Jim is right. We need a few good eastsiders interested in actually making some noise and trying to change the commerce, culture and stereotypes of the East side. Irvington is very progressive and making great strides, why can't the far east side ride on their coat tails to make some changes?

  2. Boston.com has an article from 2010 where they talk about how Interactions moved to Massachusetts in the year prior. http://www.boston.com/business/technology/innoeco/2010/07/interactions_banks_63_million.html The article includes a link back to that Inside Indiana Business press release I linked to earlier, snarkily noting, "Guess this 2006 plan to create 200-plus new jobs in Indiana didn't exactly work out."

  3. I live on the east side and I have read all your comments. a local paper just did an article on Washington square mall with just as many comments and concerns. I am not sure if they are still around, but there was an east side coalition with good intentions to do good things on the east side. And there is a facebook post that called my eastside indy with many old members of the eastside who voice concerns about the east side of the city. We need to come together and not just complain and moan, but come up with actual concrete solutions, because what Dal said is very very true- the eastside could be a goldmine in the right hands. But if anyone is going damn, and change things, it is us eastside residents

  4. Please go back re-read your economics text book and the fine print on the February 2014 CBO report. A minimum wage increase has never resulted in a net job loss...

  5. The GOP at the Statehouse is more interested in PR to keep their majority, than using it to get anything good actually done. The State continues its downward spiral.

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