IBJNews

Mansfield-King lands state incentives for expansion plan

Back to TopCommentsE-mailPrintBookmark and Share

Indianapolis-based Mansfield-King LLC, a manufacturer and distributor of personal care products, will receive state incentives as part of an expansion plan that could create as many as 144 jobs by 2016, the Indiana Economic Development Corp. announced Friday morning.

IBJ reported March 17 that Mansfield-King was set to receive property-tax breaks from the city of Indianapolis for the $3.4 million expansion.

The company, located at 6501 Julian Ave. on the city’s east side, said the investment will go toward purchasing additional equipment and making building renovations.

Mansfield-King, which has 46 full-time employees, plans to begin hiring for manufacturing, production, logistics, quality control and customer service positions later this year. The new jobs will pay an average of $22 an hour, the company said.

The IEDC said it will provide up to $1.25 million in performance-based tax credits and up to $55,000 in training grants based on the company’s job-creation plans.

The city of Indianapolis approved a 10-year tax abatement that should save the company $202,263. It is expected to pay $153,000 in property taxes over that period.

“With Mansfield-King and its affiliated companies growing so rapidly, Indiana’s combination of worker talent, supportive government and history of manufacturing focus is invaluable to us,” said Charles Haywood, the company’s president and owner, in a prepared statement. “We look forward to continuing to contribute to growth in Indiana.”

Founded in 2005, Mansfield-King makes soaps, shampoos, conditioners and ointments.

The company has been on a tear since. 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.
 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Again, Maria.... how much are YOU contributing? The man doesn't HAVE to give a red cent! What don't you get about that? And, I know this might actually require some actual "facts", but can you please point me to the parking garage that the city gave to him?

  2. Another internet tuff guy I see. And what would the basis of taking the person to jail? If they were drunk, yea. But if not, there would be no jailable offense. All these gestapo, Nazi, jackboots are running SCARED. When the SHTF in this country who's side are you going to be on? The citzens, or the establishment? Better make up your mind quick because it's not far off. I would rather be trying to make friends than enemies. But no worries my "friend", God will take care of you and your likes in good time. It tells us that in the bible. If you stand, support and help carry out the plans of evil rulers, you will NOT be spared the wrath of God. That simple. All you can do is repent now and ask God to forgive you.

  3. Yes, Ersal, thank you for donating a whole $75,000, while the city gives you a parking garage for free and is going to pay for a multi million dollar stadium for you. I'd be donating money too if I was on welfare.

  4. I live and work in Broad Ripple and agree 100% that the traffic is not a significant problem. It can be slow at some times, but hey...this is an urban area. As for the development itself...HOORAY. Office and retail development brings people during the day, something that our community needs much more of. Thank goodness people are finally waking up to take advantage of the serene White River views. The BRVA land us committee endorsed the project because they know how these kind of projects help offset the cries of "too many bars". Pray that this development, and the proposed major investment by Browning, move forward. And remember Good Earth, these will mean hundreds of daytime people - potential shoppers for your store.

  5. Under current, previous existing law, this new law would be unconstitutional. Not that supposedly having to have a driver's license to drive isn't in the first place.

ADVERTISEMENT